Malaysian ringgit, Singapore dollar plunge as Greenback soars on Fed rate hike hopes

The under-pressure Asian currencies, Malaysian ringgit and Singapore dollar, tumbled on Friday after US Federal Reserve chief Janet Yellen hinted at an imminent interest-rate hike.

Malaysian ringgit dropped further on Friday, hitting the 4.4030 mark against the greenback while the Singapore dollar was down 0.7 percent to US$0.7016 to the US dollar.

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