Led by the Malaysian Ringitt, Asian currencies have strengthened. This will enhance the regions’ economic growth and will also result in policy makers increasing interest rates which can help in controlling inflation.

Nick M. Khailrul, treasury dealer at Asian Finance Bank Bhd in Kuala Lumpur has said that they can get some stable growth momentum from here, which is supportive of fund inflows.

The ringgit was up 0.6 percent to 3.0160 per dollar as of 11:30 a. m. in Kuala Lumpur, according to data compiled by Bloomberg. Asia’s growing economy will expand by 8.4 percent this year, as compared to 2.8 percent in the United States and 1.6 percent in the euro region.

The Taiwan dollar touched its two-week high and the won touched the strongest level in three weeks. Thailand’s baht gained to a one-week high. China’s yuan jumped 0.12 percent to 6.4837 per dollar and touched 6.4834 earlier, the highest level since 1993.

According to prices from Tullett Prebon Plc, the Philippine peso advanced 0.2 percent to 43.278 per dollar, while the Singapore dollar was up 0.3 percent to S$1.2337 and India’s rupee jumped 0.1 percent to 45.1225.