Malaysia s central bank
on Tuesday said the ringgit currency, which briefly hit a
26-year-low last week, is undervalued and should be trading
higher on account of the country s positive.
Most Asian currencies were subdued on Tuesday while stocks extended losses ahead of key US. and regional economic data this week that could provide clues about interest rate outlook from the Federal Reserve and other central banks.
Xinhua world economic news summary at 0830 GMT, Feb 27 china.org.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from china.org.cn Daily Mail and Mail on Sunday newspapers.