Malaysian Ringgit Falls To Near 4-month Low Against U.S. Dollar

RTTNews | 246 days ago
Malaysian Ringgit Falls To Near 4-month Low Against U.S. Dollar

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

Against the greenback, the ringgit fell to nearly a 4-month low of 4.7850 from yesterday's closing value of 4.7640.

If the ringgit extends its downtrend, it is likely to find support around the 4.80 region.

read more
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.
RTTNews | 4h 57min ago