Strong greenback: The US dollar is well-positioned to strengthen further on the back of the Federal Reserve raising interest rates in its next sitting in June.
AS Malaysians prepare to go to the polls, emerging-market currencies and the stock market are falling under the weight of the appreciating US dollar and the rise in US interest rates.
The dollar index, which measures the strength of the greenback against a basket of developed-nation currencies, is well above the 90-point mark. The highest in recent times was the dollar index hitting 103 points in December 2016 after Donald Trump won the US presidential election.
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