Malaysian Ringgit Rises To Near 3-week High Against U.S. Dollar
July 10 2016 - 7:43PM
RTTF2
The Malaysian ringgit strengthened against the U.S. dollar in
the Asian session on Monday.
Meanwhile, traders await the central bank's monetary policy
meeting later this week.
Against the greenback, the ringgit rose to nearly a 3-week high
of 3.9723 from an early an early low of 4.0250. At Friday's close,
the ringgit was trading at 4.000 against the greenback.
If the ringgit extends its uptrend, it is likely to find
resistance around the 3.90 area.
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