Malaysian Ringgit Drops To 3-week Low Against U.S. Dollar
June 23 2016 - 11:31PM
RTTF2
The Malaysian ringgit weakened against the U.S. dollar in the
pre-European session on Friday, as regional shares fell after
Britain decided to leave the European Union in its historic
referendum.
Against the greenback, the ringgit fell to a 3-week low of
6.1425 from an early 1-1/2-month high of 3.9898. At yesterday's
close, the ringgit was trading at 4.0130 against the greenback.
If the ringgit extends its downtrend, it is likely to find
support around the 4.22 area.
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