Market Commentary and Intraday News
Malaysian Ringgit Drops To 6-day Low Against US Dollar
203 days ago
(RTTNews) - The Malaysian ringgit weakened against its U.S. counterpart on Tuesday morning in Asia, falling to a 6-day low of 3.0631, down 0.16 percent from Monday's close of 3.0580.
The ringgit may extend its recent fall as a key demand zone of 3.02/70 has broken in the USD/MYR pair recently. The next likely support for the ringgit is seen around the 3.0690/3.04 area.
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