Malaysian Ringgit Falls To Near 3-week Low Against U.S. Dollar

RTTNews | 100 days ago
Malaysian Ringgit Falls To Near 3-week Low Against U.S. Dollar

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

Against the U.S. dollar, the ringgit fell to nearly a 3-week low of 4.2845 from an early high of 4.2360. At Friday's close, the ringgit was trading at 4.2150 against the greenback.

If the ringgit extends its downtrend, it is likely to find support around the 4.40 region.

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New York Manufacturing Index Unexpectedly Indicates Contraction In January

New York Manufacturing Index Unexpectedly Indicates Contraction In January

New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index tumbled to a negative 12.6 in January from a positive 2.1 in December, with a negative reading indicating contraction.
RTTNews | 6h 10min ago