Malaysian ringgit undervalued, hoped to trade higher

Malaysian ringgit undervalued, hoped to trade higher

An official of Malaysia’s central bank expected the country's ringgit to trade higher on the back on positive economic prospects.
Malaysia ringgit at seven-month low

Malaysia ringgit at seven-month low

The Malaysian ringgit (RM) depreciated for a fifth straight session to slump to a more than seven-month low on June 23 due to a firmer dollar and weak oil prices.