Ringgit extends losses against greenback


KUALA LUMPUR: The ringgit has extended yesterday’s losses against the US dollar today as the greenback continues to strengthen versus Asian currencies.

This was despite the retracement of the US dollar index following the dovish statement from the United States (US) Federal Reserve chair, Jerome Powell, leaving traders to ponder the possibilities of a US interest rate hike, dealers said.

The Star Festive Promo: Get 35% OFF Digital Access

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!

Next In Business News

Jinhua – a trading hub without borders
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Watts from water
AI disruption fears rock markets
Smart city can’t beat the traffic
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read