Ringgit climbs to the highest in 11 weeks as U.S. House launches budget bill

Malaysia's Ringgit gained the strongest point in 11 weeks as the U.S. House introduced a bill averting income-tax rise for at least 99% of U.S. households, increasing demand for riskier assets. The Ringgit rose 0.6% to 3.0372 per greenback in Kuala Lumpur, the highest since October. It is believed that the currency's strength was driven by buying of government bonds at the beginning of the new year.