Yuan forwards recovered from their steepest slide in 22 months on optimism policy makers will heed a call by the U.S. urging China to allow a stronger currency. Government bonds were little changed.
China’s yuan posted its biggest weekly loss against the dollar since December 2008 on signs the U.S. economic recovery is gaining momentum.
India’s rupee completed its third monthly loss after the central bank signaled steps taken in July to buoy the currency are temporary. Stocks and bonds fell.
"The ringgit's performance next week will be dictated by the direction of crude oil prices and dollar strength."
- Nizam Idris on Jan 08, 2015