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Malaysian Ringgit Suffers from Risk-Negative Sentiment on FX Market

September 2, 2015 at 10:30 by Vladimir Vyun

A fan of Malaysian currency notesThe Malaysian ringgit fell against the US dollar today as concerns about the slowing global growth drove Forex market participants away from risk-geared currencies.

Yesterday’s manufacturing reports from all around the world were rather disappointing. This led to a drop of Asian stocks today as the MSCI Asia-Pacific Index, which tracks all Asian shares with the exception of Japan, dropped more than 2 percent today. Unsurprisingly, many Asian currencies did not take the news well, and the ringgit was among the losers.

USD/MYR rose from 4.1965 to 4.2127 as of 10:29 GMT today.

If you have any questions, comments or opinions regarding the Malaysian Ringgit, feel free to post them using the commentary form below.

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