Malaysian Ringgit Falls To 9-day Low Against U.S. Dollar
September 03 2015 - 9:34PM
RTTF2
The Malaysian ringgit weakened against the U.S. dollar in the
Asian session on Friday, as oil prices fell.
In other economic news, data from the Department of Statistics
showed that Malaysia's exports grew 3.5 percent year-over-year in
July, exceeding economists' expectations for a 3.2 percent rise.
Imports rose notably by 5.9 percent annually in July, in contrast
to a 0.8 percent decline expected by economists.
Against the greenback, the ringgit fell to a 9-day low of 4.2663
from an early high of 4.2310. At yesterday's close, the ringgit was
trading at 4.2345 against the greenback.
If the ringgit extends its downtrend, it is likely to find
support around the 4.31 area.
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