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Malaysian Currency Drops to 4.066 per US Dollar, Reaching Its Weakest Since November 4
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The Malaysian ringgit weakened to 4.066 per U.S. dollar, its lowest level since November 4. The move extends the currency's recent depreciation against the greenback. The ringgit's slide matters for imported inflation and foreign-currency debt servicing costs in Malaysia. Traders will watch whether the 4.07 level holds and whether Bank Negara Malaysia signals concern over the pace of weakness.
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Named in this story
Malaysian ringgit, US dollar