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View Full Version : Ringgit Drops on Speculation Local Borrowing Costs Won't Climb - Bloomberg



NewsWhore
09-05-2011, 06:10 AM
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Ringgit Drops on Speculation Local Borrowing Costs Won&#39;t Climb (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFTAzVu-YdT1h59YhYeTu78FRLneQ&url=http://www.bloomberg.com/news/2011-09-05/ringgit-drops-on-speculation-local-borrowing-costs-won-t-climb.html)
Bloomberg
“The Malaysian currency will likely trade on a weaker bias.” The ringgit dropped 0.4 percent to 2.9765 per dollar as of 5.20 pm in Kuala Lumpur, according to data compiled by Bloomberg. The currency has gained 1.4 percent this quarter. ...

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