Malaysian Ringgit Falls to 10-Year Low on Fitch Review, Greece

The ringgit fell to a decade-low as Fitch Ratings decides whether or not to downgrade Malaysia and Greece’s potential exit from the euro spurs demand for dollars.

Fitch, which ranks Malaysia at A- with a negative outlook, the fourth-lowest investment grade, will review its assessment before the end of June, Andrew Colquhoun, head of Asia Pacific sovereign ratings in Hong Kong, said last week. The country is “more than 50 percent likely” to be downgraded, he said in March. Greece imposed capital controls and shut lenders Monday to avert the collapse of its financial system.