Malaysian Ringgit Rises To Near 5-week High Against U.S. Dollar
21:13, 24th November 2015
(RTTNews) - The Malaysian ringgit strengthened against the U.S. dollar in the late Asian session on Wednesday, as crude oil prices extended its rally amid concerns that the conflict in Syria will escalate.
Turkey has downed a Russia jet it claims was violating its airspace near Syria. Russian strongman Vladimir Putin said Turkey is now "accomplices to terrorists."
Against the greenback, the ringgit rose to nearly a 5-week high of 4.2005 from an early low of 4.2050. At yesterday's close, the ringgit was trading at 4.2420 against the greenback.
If the ringgit extends its uptrend, it is likely to find resistance around the 4.10 area.
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