Ringgit continues downtrend against US dollar amid risk-off sentiment


KUALA LUMPUR: The ringgit continued its downtrend against the US dollar at the close today as the greenback continued its ascent on safe-haven asset demand ahead of the release of the minutes of the US Federal Open Market Committee (FOMC) meeting later today.

Expectations of more hawkish signals from the FOMC weighed on most Asian currencies, an analyst said.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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

Amanah Raya declares 4.5c per unit Syariah trust fund income distribution
Barclays sees two more Fed rate hikes this year after Warsh speech
Chinese factory slump eases, but weak services signal uneven recovery
China's three biggest airlines post heavy first-half losses as fuel shock bites
Japan's Nikkei slides nearly 2% following hawkish Fed comments
Oil jumps more than 1% after US attack on Iran's Larak island
Shares skid in Asia as oil, yields stay high
Bessent says yen moves 'pretty contained' and not disorderly
PETRONAS margin takes RM14bil hit
Samaiden enters FY27 on strong footing

Others Also Read