MARKET DEVELOPMENT
MARKET TALK: Ringgit Peg To Stay; Good For Malaysi
MARKET TALK: Ringgit Peg To Stay; Good For Malaysi
22/12/04 (Dow Jones)--Remarks from Malaysian central bank that it has noplans to revise ringgit peg likely a relief for Malaysian palm oilproducers. Recent market speculation of potential change in peg hadsparked some concerns as stronger ringgit would put downward pressure onCPO prices, traders say.