Malaysia’s ringgit fell to a 10-month low versus the Singapore dollar, weighed by foreign stock outflows while the island state’s currency is supported by a hawkish monetary policy stance.
The ringgit falls 0.2% against the Singapore dollar to 3.2162 on Wednesday, the lowest since November, as stock outflows continued for the second straight month. Singapore’s currency remained buoyed by the central bank’s monetary policy tightening stance.
