Oil price surge leads Malaysia's currency gains in Emerging Markets

A recent overnight rally of Brent crude oil led Malaysia's ringgit gains and brightened the overall outlook for the oil exporter.

This year, the ringgit has become the second-best performer in emerging markets due to crude prices stabilizing above US$30 barrel coupled with a slide in the US dollar.

The ringgit recent 1.6 percent to 4.538 per dollar is its biggest advance since early January. It has not appreciated a total of 3.3 percent in 2016.

Read more at the MalayMail.