The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Wednesday.
Against the greenback, the ringgit rose to a 2-day high of 3.4918 from an early low of 3.4985. At yesterday’s close, the ringgit was trading at 3.5005 against the greenback.
If the ringgit extends its uptrend, it is likely to find support around the 3.44 area.
The material has been provided by InstaForex Company – www.instaforex.com