Malaysian Ringgit Rises To Near 2-week High Against U.S. Dollar

RTTNews | 353 일 전
Malaysian Ringgit Rises To Near 2-week High Against U.S. Dollar

(RTTNews) - The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Monday.

Against the greenback, the ringgit rose to nearly a 2-week high of 4.7540 from Friday's closing value of 4.7760.

If the ringgit extends its uptrend, it is likely to find resistance around the 4.70 region.

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Dollar Extends Gains Against Major Counterparts

Dollar Extends Gains Against Major Counterparts

After struggling for direction during the Asian and European sessions on Thursday, the U.S. dollar climbed higher in the New York session, buoyed by data showing a more than expected increase in U.S. retail sales in the month of September. Data showing a drop in jobless claims contributed as well to the dollar's rise.
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