Malaysian Ringgit Advances To Near 2-month High Against U.S. Dollar
09 October 2015 - 11:44AM
RTTF2
The Malaysian ringgit strengthened against the U.S. dollar in
the Asian session on Friday, as oil prices surged after the Federal
Reserve's September meeting minutes indicated the U.S. central bank
isn't in a hurry to raise interest rates.
Against the greenback, the ringgit rose to nearly a 2-month high
of 4.0735. At yesterday's close, the ringgit was trading at 4.2330
against the greenback.
If the ringgit extends its uptrend, it is likely to find
resistance around the 3.99 area.
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