Malaysian Ringgit Advances To Near 3-week High Against U.S. Dollar
January 21 2016 - 8:05PM
RTTF2
The Malaysian ringgit strengthened against the U.S. dollar in
the Asian session on Friday amid rising risk appetite, as the
rebound in crude oil prices and expectations of more stimulus from
the European Central Bank boosted investor sentiment.
Against the greenback, the ringgit rose to nearly a 3-week high
of 4.3198 from an early low of 4.3623. At yesterday's close, the
ringgit was trading at 4.3400 against the greenback.
If the ringgit extends its uptrend, it is likely to find
resistance around the 4.28 area.
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