The Malaysian ringgit weakened against the U.S. dollar in the Asian session on Monday.
Against the greenback, the ringgit fell to a 5-day low of 3.7093 from an early high of 3.6948. At Friday’s close, the ringgit was trading at 3.7015 against the greenback.
If the ringgit extends its downtrend, it is likely to find support around the 3.73 area.
The material has been provided by InstaForex Company – www.instaforex.com