Malaysia ringgit at 7-month low, other Asian FX weakens on growth fears

THE Malaysian ringgit depreciated for a fifth straight session on Friday to slump to a more than seven-month low due to a firmer dollar and weak oil prices, while the Turkish lira hit a fresh record low after a smaller-than-expected rate hike.

Most other Asian currencies were also on the back foot, with the South Korean won and Thai baht depreciating 0.6% and 0.4%, respectively, with the won trading at a more than two-week low.