The Malaysian ringgit dropped today, leading other Asian currencies in decline, as geopolitical tensions made Forex market traders reluctant to buy riskier assets of emerging markets.
Things are not quiet around the world, and this means that risk-associated currencies are not in favor. The crash of the Malaysian passenger aircraft over Ukraine and speculations about who caused the tragedy worsened the already heated situation in Eastern European nation. Meanwhile, Israel resumed offensive actions against Palestinian militants in Gaza.
USD/MYR rose from 3.1767 to 3.1838 as of 10:17 GMT today, reaching the high of 3.1953 intraday.
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