There’s a lack of positive drivers for the ringgit after Bank Negara earlier this month held its overnight policy rate at 3%. while it warned of global economic uncertainty ahead.
MALAYSIA’S government bonds and the ringgit were on modestly weaker footing on a weekly basis.
The major influence on ringgit government bonds and ringgit currency weakness was the lack of risk appetite in the region, which also saw weakness in Indonesia’s rupiah and the Thai baht.
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