Malaysian Ringgit Falls To 2-month Low Against U.S. Dollar
May 18 2016 - 10:33PM
RTTF2
The Malaysian ringgit weakened against the U.S. dollar in the
pre-European session on Thursday, as investor sentiment dampened
after minutes from the Federal Reserve's most recent meeting
indicated that "most" of its members are ready to lift rates at the
next meeting on June 14-15, if the data improves.
Against the greenback, the ringgit fell to a 2-month low of
4.0930 from yesterday's closing value of 4.0450.
If the ringgit extends its downtrend, it is likely to find
support around the 4.16 area.
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