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CurrencyFormatter used to display a price

<?xml version="1.0"?> <mx:Application xmlns:mx="http://www.adobe.com/2006/mxml">     <mx:XML id="myData">         <root>             <item name="Laptop" price="1.911119" />         </root>     </mx:XML>     <mx:CurrencyFormatter id="fmtCurrency" precision="2" />     <mx:Label         text="Laptop Price {fmtCurrency.format(myData.item.@price)}" /> </mx:Application>