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Malaysian ringgit hits one-year high; most Asian FX, stocks rise

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Transfusions have become an important part of veterinary medicine, but cat and dog blood is not always easy to come by. More pet owners are signing their animals up to provide blood for pets in need.

Malaysia's ringgit was on a tear on Thursday among emerging Asian currencies, while share markets rose, with investors cheering a possible end to the U.S. Federal Reserve's restrictive policy settings in September.Others such as the Taiwan dollar and the South Korean won traded up to 0.3% higher, while the Thai baht was flat, reversing earlier gains.

The Federal Reserve held interest rates steady overnight but kept the doors open for a cut in September, provided the U.S. economy"follows its expected path". The Philippines is likely to kick off the rate-cutting cycle, followed by South Korea, India and Taiwan.

 

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