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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs Malaysian Ringgit | FX:USDMYR | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0025 | 0.05% | 4.7425 | 4.74 | 4.745 | 4.7425 | 4.7415 | 4.7405 | 0 | 06:32:10 |
The Malaysian ringgit weakened against the U.S. dollar in the pre-European session on Thursday, as investors remain cautious amid continued uncertainty about the outlook for U.S. monetary policy following last week's Federal Reserve decision, even as soft manufacturing activity data from the U.S. and China on Wednesday added to concerns about the global economy.
Against the greenback, the ringgit fell to more than a 7-1/2-year low of 4.3955 from an early high of 4.3600. At yesterday's close, the ringgit was trading at 4.3800 against the greenback.
If the ringgit extends its downtrend, it is likely to find support around the 4.79 area.
1 Year US Dollar vs MYR Chart |
1 Month US Dollar vs MYR Chart |
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