Malaysian Ringgit Rises To 1-week High Against U.S. Dollar
April 27 2016 - 11:34PM
RTTF2
The Malaysian ringgit strengthened against the U.S. dollar in
the pre-European session on Thursday, following the appointment of
Datuk Muhammad Ibrahim as the next governor of Bank Negara.
Against the greenback, the ringgit rose to a 1-week high of
3.8910 from an early low of 3.8920. At yesterday's close, the
ringgit was trading at 9.8975 against the greenback.
If the ringgit extends its uptrend, it is likely to find
resistance around the 3.84 area.
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