The ringgit dropped to a three-year low ahead of data that may - TopicsExpress

The ringgit dropped to a three-year low ahead of data that may signal the US recovery is gaining traction, bolstering the case for policymakers to pare stimulus that has fuelled inflows to emerging market assets. Reports this week may show retail sales, manufacturing and housing starts increased last month in the world’s largest economy, according to Bloomberg surveys. Four Federal Reserve officials indicated greater willingness last week to begin tapering the central bank’s bond-buying programme. Fitch Ratings cut Malaysia’s credit outlook in July, citing concerns over the country’s public finances. richard-rightways.blogspot/2013/08/malaysian-ringgit-drops-to-three-year.html

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