Malaysian Ringgit Declines To 2-1/2-month Low Against U.S. Dollar

The Malaysian Ringgit fell sharply against the U.S. dollar in Asia on Wednesday as traders await the Federal Reserve's decision on monetary policy due later in the day.

The ringgit hit 3.2560 against the greenback for the first time since October 4. If the ringgit slides further, it may face support at the 3.28 zone. The pair finished trading at 3.2485 yesterday.


News are provided by InstaForex.