The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Wednesday, as crude oil prices rebound.
Against the greenback, the ringgit rose to nearly a 2-month high of 4.2385 from yesterday’s closing value of 4.2700.
If the ringgit extends its uptrend, it is likely to find resistance around the 4.18 area.
The material has been provided by InstaForex Company – www.instaforex.com