Singapore (Reuters) -
The Malaysian ringgit hit a three-week high on Tuesday, outperforming some
Southeast Asian currencies, as offshore funds bought it after the government
cut fuel subsidies to reduce the country's fiscal deficit.
The ringgit advanced
0.29 per cent to 3.2645 against the US dollar, after hitting 3.2590, its
strongest since Aug 13. That compared with a 0.23 per cent gain for the Thai
baht and 0.27 per cent appreciation of the Philippine peso.
