Ringgit Weakened to 4-Month Low on Data in China, Fed Tapering View

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Source: Bloomberg
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Malaysia's Ringgit declined to the weakest level in four month since Chinese data, the state's biggest export market, showed the deceleration. The Ringgit depreciated 0.4% to 3.3090 against the U.S. Dollar from January 16 at 10:15 a.m. after touching 3.3135, the lowest level in four months. The Ringgit also dropped against most of its 11 Asia's traded peers.
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