Malaysia's ringgit fell for an 11th week in its
longest stretch of losses since 1993 as lower energy prices weigh on the
oil exporter's earnings and capital flows out of emerging markets amid
slowing Chinese growth.
The nation's foreign-exchange reserves have fallen 19 per cent this
year, fueling speculation the central bank bought the ringgit to stem
declines in Asia's worst-performing currency. Data for the last two
weeks of August are due after markets close on Friday, while a report on
exports due at noon is forecast to show growth slowed and the trade
surplus shrank. Malaysia's benchmark stock index dropped this week and
is down more than nine per cent in 2015, with a US interest-rate
increase likely to spur more outflows.
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