Malaysian Ringgit Weakens To 6-year Low Against U.S. Dollar
January 14 2015 - 1:06AM
RTTF2
The Malaysian ringgit weakened against the U.S. dollar in the
Asian session on Wednesday, as investors sentiment was hurt on weak
commodity prices.
Against the greenback, the ringgit fell to a 6-year low of
3.5998 from an early high of 3.5735. At yesterday' close, the
ringgit was trading at 3.5935 against the greenback.
If the ringgit extends its downtrend, it is likely find
resistance around the 3.67 area.
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