Malaysian Ringgit Falls To 5-day Low Against U.S. Dollar
February 10 2015 - 12:14AM
RTTF2
The Malaysian ringgit weakened against the U.S. dollar in the
Asian session on Tuesday, as oil prices fell.
Meanwhile, the nation's industrial production surged 7.4 percent
year-on-year in December, following a 4.8 percent increase in the
previous month, which was revised upwardly from 4.7 percent.
Economists had forecast the growth rate to ease to 4.1 percent.
Manufacturing production also advanced 7.8 percent annually in
December, faster than November's 3.9 percent rise.
Against the greenback, the ringgit fell to a 5-day low of 3.5843
from an early high of 3.5556. At yesterday's close, the ringgit was
trading at 3.5615 against the greenback.
If the ringgit extends its downtrend, it is likely to find
support around the 3.65 area.
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