So far the currencies in South-East Asia and South Korea have not been greatly affected by the crises in other emerging markets. Since April this year, the ringgit is down by 5.8% against the US dollar while the rupiah is down by 5.3%. The Korean won has weaken by 6.9%
PETALING JAYA: Investors will be looking for clues on Malaysia’s future growth from Bank Negara’s announcement on the second quarter economic performance this week.
The announcement comes as emerging markets are going through a turmoil sparked by the steeply weakening Turkish lira last Friday, which fell close to 15% against the US dollar in a single day after President Donald Trump imposed tariffs on aluminium and steel imports from the country.
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