Ringgit falls to eight-week low as housing data spurs taper talk

Malaysia’s ringgit fell to an eight-week low after signs of a recovery in the US housing market bolstered the case for the Federal Reserve to scale back stimulus that’s spurred gains in emerging-market assets. Building permits in the world’s largest economy climbed to the highest level since 2008 in October and property values increased by … Continue reading Ringgit falls to eight-week low as housing data spurs taper talk