Data showed that the greenback had strengthened nearly 6% against the ringgit year-to-date and over 14% from a year ago. (AFP file pic)
PETALING JAYA: The ringgit closed little changed against the US dollar yesterday despite having dropped to a low of 3.724 in intraday trade as investors reacted to the sustained slowdown in the Chinese economy.
The currency closed at 3.706 with a Reuters report noting that offshore funds sold the ringgit in non-deliverable forwards market as five-year government bond prices fell. The yield on the five-year bond closed at 3.657% from Tuesday’s close of 3.558%.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
