The ringgit fell the most in more than two weeks as a decline in commodity prices erodes the outlook for Malaysia’s export earnings.
The currency has come under pressure in the past 12 months amid a drop in Brent and palm oil, Malaysia’s key exports.
Prospects the United States will raise interest rates and concern about the finances of a state investment company have exacerbated losses for the ringgit, which has fallen the most in Asia this year.
Oil declined and the dollar strengthened overnight on reports showing an unexpected pick up in US fuel inventories and accelerating new home sales.
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The currency has come under pressure in the past 12 months amid a drop in Brent and palm oil, Malaysia’s key exports.
Prospects the United States will raise interest rates and concern about the finances of a state investment company have exacerbated losses for the ringgit, which has fallen the most in Asia this year.
Oil declined and the dollar strengthened overnight on reports showing an unexpected pick up in US fuel inventories and accelerating new home sales.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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