Ringgit snaps seven-day losing streak as market enters correction mode

KUALA LUMPUR: The ringgit snapped its seven-day losing streak to rebound slightly on Tuesday as the market entered correction mode.

However, overall momentum remained fragile due to mounting fears over global growth after mass COVID-19 testing in China triggered worries over possible lockdown in Beijing, said Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

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Ringgit , US dollar , China lockdown , Federal Reserve , Singapore dollar , MAS

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