The Malaysian ringgit dropped today after the Asian stocks declined as the Standard & Poor’s downgraded Japan’s credit rating and commodities went down.
The MSCI Asia Pacific Index dropped 0.7 percent to 137.30 as of 17:17 in Tokyo. Last week the index posted its first weekly drop in a year and a half on the concerns that China would continue its attempts to stem the economic growth.
USD/MYR went up from 3.0540 to 3.0555 as of 09:52 GMT today.
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