Malaysian Ringgit Falls as Economic Growth Slows
The Malaysian ringgit dropped today as the report showed the economic growth in Malaysia, as well as in some other Asian countries, slowed.
The government report showed that the Malaysian economic growth slowed compared to the 8.9 percent growth in the second quarter. The economies of China and Singapore also expanded with slower pace. The tension between North and South Korea was another reason for the decreasing demand for the Asian currencies.
USD/MYR rose from 3.1035 to 3.1170 as of 10:52 GMT.
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Earlier News About the Malaysian Ringgit:
- Malaysian Ringgit Rises Together with Other Asian Currencies (2010-09-08)
- Ringgit Goes Higher as Economy Grows & Control Relaxes (2010-08-19)
- Malaysian Ringgit Falls on Economic Concerns (2010-08-16)
- Malaysian Ringgit Falls on European Debt Concerns (2010-06-17)
- Malaysian Economic Stimulus Pushes Ringgit Up (2009-04-24)
