Malaysian export growth accelerated more than expected in April and imports rose unexpectedly, preliminary figures from the
Exports of manufactured goods grew by 18% in April and that of electrical and electronic products by 22%.
Meanwhile, imports rose 5% annually in April, in contrast to economist's forecast for a decline of 0.7%.
The trade surplus stood at
Against the greenback, the ringgit rose to a 1-week high of 3.2125, from an early low of 3.2290. The pair closed yesterday's deals at 3.2279.
If the ringgit extends its uptrend, it is likely to find resistance around the 3.20 area.
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