Malaysian Ringgit Slides To 6-year Low Against U.S. Dollar
March 09 2015 - 2:24AM
RTTF2
The Malaysian ringgit weakened against the U.S. dollar in the
Asian session on Monday, as investor sentiment subdued on the
increased prospects of a hike in U.S. interest rate after strong
jobs growth data from the U.S.
Against the greenback, the ringgit fell to a 6-year low of
3.6910 from an early high of 3.6765. At Friday's close, the ringgit
was trading at 3.6825 against the greenback.
If the ringgit extends its downtrend, it is likely to find
support around the 3.71 area.
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