Ringgit volatility declines to 11-month low on current account | Bangkok Post: business

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Ringgit volatility falls to 11-month low

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A measure of expected swings in the ringgit fell to an 11-month low on speculation Malaysia's widening current-account surplus will buoy the currency as the United States pares stimulus. 

The excess in the broadest measure of trade increased to 17.5 billion ringgit (US$5.3 billion) in the fourth quarter, which would be the biggest surplus in a year, according to the median estimate of economists in a Bloomberg survey before data due at Wednesday evening.

The ringgit extended gains after China, Malaysia's top export market, reported growth in overseas shipments and imports beat forecasts.

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