Malaysia's Ringgit Rises a Second Day as Brent Crude Stabilizes

  • Brent rose above $44 Tuesday, before retreating on Wednesday
  • Weak dollar supports ringgit after poor U.S. housing starts

Malaysia’s ringgit posted its biggest two-day rally in three weeks as Brent crude surged overnight, brightening the outlook for the oil exporter’s finances. The currency pared gains as the commodity erased some of that increase on Wednesday.

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