From trade war to currency war? Will RM suffer?


Risk assets and oil prices may be hit, taking down currencies of commodity producing countries, especially the Russian ruble, Colombian peso and ringgit, according to Bloomberg.

MARKETS seem bolder these days, but investors are alert to a potential currency war.

With President Donald Trump lamenting the strength of the dollar and the yuan plunging to 6.80 per dollar for the first time in a year, market players are watching for any potential impact on financial markets.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Plain Speaking , Yap Leng Kuen , currency

Next In Business News

BWYS shareholders approve RM67mil property disposal, RM94.5mil land acquisition
Kimlun issues RM10.81mil Islamic commercial papers
Cabnet secures RM14.8mil electrical contracts Johor Baru
FBM KLCI climbs amid firmer regional markets, stronger ringgit
Gold steadies as Fed independence concerns offset easing geopolitical woes
Oil slips as investors assess supply outlook, US stock build
AirAsia X targets up to US$600mil debt restructuring after combining airlines
Telenor sells its stake in Thailand's True Corporation for US$3.9bil
Societe Generale to cut 1,800 jobs in France
Bank Negara’s international reserves climb slightly to US$125.6bil

Others Also Read