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Malaysian ringgit hits 3-year low on Fed tapering view
by Cals Thu 22 Aug 2013, 10:26
Malaysian ringgit hits 3-year low on Fed tapering view
Business & Markets 2013
Written by Reuters
Thursday, 22 August 2013 10:02
SINGAPORE (Aug 22): The Malaysian ringgit fell to its lowest in more than three years on Thursday as the U.S. Federal Reserve looked set to taper its asset-buying programme next month.
The ringgit lost as much as 0.8 percent to 3.3200 per dollar, the weakest since June 2010.
On a technical chart, the Malaysian currency is seen weakening to 3.3345, the 50.0 percent Fibonacci retracement of its appreciation between 2009 and 2011. - Reuters
Business & Markets 2013
Written by Reuters
Thursday, 22 August 2013 10:02
SINGAPORE (Aug 22): The Malaysian ringgit fell to its lowest in more than three years on Thursday as the U.S. Federal Reserve looked set to taper its asset-buying programme next month.
The ringgit lost as much as 0.8 percent to 3.3200 per dollar, the weakest since June 2010.
On a technical chart, the Malaysian currency is seen weakening to 3.3345, the 50.0 percent Fibonacci retracement of its appreciation between 2009 and 2011. - Reuters
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