Malaysian Ringgit Falls on Economic Concerns

The Malaysian ringgit fell today on the concerns that the global economic recovery is faltering, hurting the export-driven economies of Asia.
The Japanese gross domestic product expanded by only 0.1 percent, less than even most pessimistic forecasts, while Malaysia and Taiwan expected to report that their economies also slowed. Thailand and Singapore forecast to report slower increase of the exports.
USD/MYR traded at about 3.1660 today as of 14:05 GMT after it opened at 3.1435 and rose to 3.1905.

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