The Malaysian ringgit weakened against the U.S. dollar in the Asian session on Monday.
Against the greenback, the ringgit fell to a 5-day low of 3.4890 from an early high of 3.4755. At last week's close, the ringgit was trading at 3.4765 against the greenback.
If the ringgit extends its downtrend, it is likely to find support around the 3.50 area.
The material has been provided by InstaForex Company – www.instaforex.com