News Column

Malaysian Ringgit Weakens To 4-week Low Against US Dollar

July 31, 2014



KUALA LUMPUR (Alliance News) - The Malaysian ringgit weakened against the US dollar in the Asian session on Friday.

Against the greenback, the ringgit fell to a 4-week low of 3.2092 from an early high of 3.1960. At yesterday's close, the ringgit was trading at 3.1975 against the greenback.

If the ringgit extends its downtrend, it is likely to find support around the 3.21 area.



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Source: Alliance News


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