Ringgit touches five-month low as US recovery boosts dollar


KUALA LUMPUR: The ringgit touched the weakest level since August on speculation investors are favouring the dollar because of an improving outlook for the US economy.

The currency pared its losses after the central bank intervened to limit its decline, according to two Asia-based traders who asked not to be identified because they aren’t authorised to speak publicly.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , biz

Next In Business News

Hextar moves into fertiliser sector
NFL Chiefs to move to Kansas with public funding package
Import-heavy sectors to gain from stronger ringgit
SBS Nexus eyes RM31mil from its IPO
PMCK posts RM5.8mil profit in 2Q
CBH Engineering wins RM130mil data centre job
Kimlun bags RM618mil building jobs
Colform awards four contracts worth RM1.3mil
MyCC: Six enterprises in bid-rigging cartel
Solarvest acquires 22% stake in SDCG

Others Also Read