The earthquake in Japan, that boosted attractiveness of the yen, at the same time curbed appeal of other Asian currencies, including the Malaysian ringgit.
The earthquake added to concerns that the global economic growth may slow as the Asian economies showed the signs of some weakness. The concerns were further bolstered the continuing conflict in Libya and the tensions in Saudi Arabia.
USD/MYR traded at 3.0400 as of 10:47 GMT today after it opened at 3.0380.
If you want to comment on the Malaysian ringgit’s recent action or have any questions regarding this currency, please, feel free to reply below.
