Malaysia's currency slid to a three-year low against the U.S. dollar and its stock market fell, as the country became the latest to be caught up in the investor exodus from emerging markets.

The currency, the ringgit, traded as low as 3.3039 to the dollar Tuesday, its lowest since June 2010, before recovering after Malaysia's central bankers intervened to sell more than a billion dollars, traders said. The currency was slightly weaker on the day in New York, at 3.2884. Malaysia's stock market fell 1.9%.

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