Ringgit decouples from price of crude oil


PETALING JAYA: The ringgit is falling despite the rising price of crude o il, evidence that the once strong link between the currency and the commodity has weakened as the market turns its attention towards monetary policy uncertainties.

Analysts said speculation of another interest rate hike in the US and further easing by Bank Negara are weighing on sentiment.

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Business , ringgit , currency , economy

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