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MARKET DEVELOPMENT
MARKET TALK: Ringgit Peg To Stay; Good For Malaysi
calendar23-12-2004 | linkDow Jones | Share This Post:

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.