(Bloomberg) -- Malaysia's ringgit will rally from
the strongest since February 1998 as Asian currencies rise on
China's move to widen the yuan trading band, according to
Merrill Lynch & Co, Scotia Capital Inc. and UBS AG.
The local currency will extend a nine-week winning streak,
buoyed by signals that China is prepared to accept faster yuan
appreciation before an economic dialogue between Vice Premier Wu
Yi and U.S. Treasury Secretary Henry Paulson starting tomorrow
in Washington. U.S. lawmakers such as Charles Schumer argue that
the yuan is undervalued and gives China's exports an unfair
advantage.
Read more at Bloomberg Currencies News
the strongest since February 1998 as Asian currencies rise on
China's move to widen the yuan trading band, according to
Merrill Lynch & Co, Scotia Capital Inc. and UBS AG.
The local currency will extend a nine-week winning streak,
buoyed by signals that China is prepared to accept faster yuan
appreciation before an economic dialogue between Vice Premier Wu
Yi and U.S. Treasury Secretary Henry Paulson starting tomorrow
in Washington. U.S. lawmakers such as Charles Schumer argue that
the yuan is undervalued and gives China's exports an unfair
advantage.
Read more at Bloomberg Currencies News
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