The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Thursday.
Against the greenback, the ringgit rose to a 1-week high of 3.5697 from an early low of 3.5980. At yesterday’s close, the ringgit was trading at 3.5885 against the greenback.
If the ringgit extends its uptrend, it is likely to find resistance around the 3.50 area.
The material has been provided by InstaForex Company – www.instaforex.com