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Steep fall in ringgit last week on geopolitical and rate hike risks

Asia FX

Steep fall in ringgit last week on geopolitical and rate hike risks

Samantha Chiew Published on Tue, Oct 03, 2017 / 10:54 AM GMT+8

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SINGAPORE (Oct 3): The Malaysian ringgit fell the most in a week this year, with USD rising 0.5% against it to 4.2308, the most since December 2016.

See: Ringgit falls most in a week this year

Last week’s fall came on the back of higher US Treasury yields boosting the USD and the highest sale of Malaysian equities in 10 months, according to Bloomberg.

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