Ringgit leads Asia FX lower; c.banks come into focus

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SINGAPORE: Malaysia's ringgit was set for its biggest intraday drop since July in holiday-thinned trading on Monday and led losses among regional currencies as the U.S. dollar held firm at the start of a week set to be dominated by central bank reports.

Regional stock markets fell sharply, taking cues from broader Asian equities, as shares in Kuala Lumpur hit a near one-month low, while those in Indonesia and the Philippines shed more than 1% each.