(Bloomberg) -- Malaysia's ringgit fell for a fourth
day, pushing the currency to the weakest in two months.
The ringgit headed for the biggest daily and weekly loss
since the central bank scrapped its currency peg to the U.S.
dollar in July 2005. Government reports this week showed exports
and industrial production grew less than expected. A slump in the
bond market stoked speculation investors were withdrawing funds
from the country.
Read more at Bloomberg Currencies News
day, pushing the currency to the weakest in two months.
The ringgit headed for the biggest daily and weekly loss
since the central bank scrapped its currency peg to the U.S.
dollar in July 2005. Government reports this week showed exports
and industrial production grew less than expected. A slump in the
bond market stoked speculation investors were withdrawing funds
from the country.
Read more at Bloomberg Currencies News
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