Extending previous session's uptrend, the Malaysian ringgit touched a 4-day high of 3.1555 against its US counterpart on Friday morning in Asia. This was up almost 0.3 percent from Thursday's New York session closing value of 3.1645.
The Malaysian currency is likely to re-test last week's key resistance zone at 3.1470/75 against the US dollar and a move beyond that could set its strongest level in nearly 6-weeks.
Malaysia's KLSE Composite rose 0.06 percent to 1624.65 as Asian markets cheered on ECB President Mario Draghi's supportive comments on euro yesterday. Upbeat economic data from the U.S. overnight also helped an across the board rally in Asia-pacific equities.
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