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* Malaysian ringgit hits two-week high * European c.bank meet eyed later in global day * Most Asian shares rise By Archishma Iyer July 27 (Reuters) - Most Asian currencies were edging upwards on Thursday, with the Malaysian ringgit gaining the most, after the U.S. Federal Reserve delivered an expected 25 basis points (bps) rate hike, with market participants reading Fed Chair Powell's tone as more "moderate".
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