06.01.202006:47:00UTC+00Malaysian Ringgit Drops To 1-week Low Against U.S. Dollar

The Malaysian Ringgit weakened against the U.S. dollar in the Asian session on Monday, amid heightened tensions in Middle East.

U.S. President Donald Trump issued a threat to impose sanctions on Iraq and retaliate against Iran if it strikes back after the killing of its top commander.

The Malaysian Ringgit weakened to a 1-week low of 4.1090 against the greenback from Friday's closing value of 4.1005. The Malaysian Ringgit is likely to face downside target around the 4.12 level.

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