Malaysian Ringgit Advances To More Than 3-week High Against U.S. Dollar
February 04 2015 - 1:08AM
RTTF2
The Malaysian ringgit strengthened against the U.S. dollar in
the Asian session on Wednesday, as a rally in the price of oil
eased concern the nation's finances will deteriorate.
Against the greenback, the ringgit rose to more than a 3-week
high of 3.5455 from an early low of 3.5720. At yesterday's close,
the ringgit was trading at 3.5905 against the greenback.
If the ringgit extends its uptrend, it is likely to find
resistance around the 3.50 area.
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