Ringgit Leads Drop in Asian Currencies as Export Outlook Dims
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Malaysia’s ringgit led declines in Asian currencies as concern the Chinese and U.S. economies are slowing damped the region’s export outlook.
China may continue to face difficulties for “a period of time” due to Europe’s debt crisis and the weak U.S. economy, according to a commentary published today by the official Xinhua News Agency. A Federal Reserve report yesterday showed manufacturing in New York contracted at the fastest pace since