Malaysian Ringgit Falls To 4-day Low Against U.S. Dollar

RTTNews | 654 dias atrás
Malaysian Ringgit Falls To 4-day Low Against U.S. Dollar

(RTTNews) - The Malaysian ringgit weakened against the U.S. dollar in the pre-European session on Monday.

Against the greenback, the ringgit fell to a 4-day low of 4.5625 from an early high of 4.5444. At Friday's close, the ringgit was trading at 4.5330 against the greenback.

If the ringgit extends its downtrend, it is likely to find support around the 4.70 area.

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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th. The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.
RTTNews | 7 minutos atrás