FX.co ★ Malaysian Ringgit Retreats To More Than 2-month Low Against U.S. Dollar

The Malaysian Ringgit retreated from a recent gain against the U.S. dollar in the Asian session on Wednesday.

Against the greenback, the ringgit fell to more than a 2-month low of 4.6770 from a recent 2-day high of 4.6450. At yesterday's close, the ringgit was trading at 4.6600 against the greenback.

If the ringgit extends its downtrend, it is likely to find support around the 4.70 area.