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Malaysian Ringgit Rises To 2-week High Against U.S. Dollar
(RTTNews) - The Malaysian ringgit strengthened against the U.S. dollar in the European session on Tuesday.
Against the U.S. dollar, the ringgit rose to a 2-week high of 4.7600 from an early 4-day low of 4.7795. At yesterday's close, the ringgit was trading at 4.7750 against the greenback.
If the ringgit extends its uptrend, it is likely to find resistance around the 4.71 region.
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After opening modestly down, the Switzerland market kept sliding on Thursday, and despite recovering some lost ground past mid afternoon, ended the day's session on a weak note.
Concerns about U.S. debt, and continued uncertainty about tariff negotiations rendered the mood cautious.
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