Malaysia’s Ringgit Weakens as Euro Debt Concerns Reduce Demand
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Malaysia’s ringgit weakened for a second day as lingering concerns over Europe’s debt crisis damped demand for emerging-market assets.
The ringgit fell along with other Asian currencies as European leaders seek to revamp their debt crisis-fighting strategy and break a deadlock later this week. Malaysia may report on July 20 inflation quickened to 3.6 percent in June from 3.3 percent in May, the most since March 2009, according to a Bloomberg News survey.