Ringgit gets bang for the (US) buck as it jumps out of 25-year lows


KUALA LUMPUR: The ringgit continued its rally for the third consecutive day and jumped out of 25-year lows against the greenback as weaker US nonfarm payrolls (NFP) data spurred hopes that a cut in US interest rates would happen earlier than expected.

The local currency had been languishing at 25-year lows in recent weeks.

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

YTL Power books four more Siemens turbines
Frontken buys Taiwan assets for RM118.16mil
Crest Builder unit secures RM56.88mil job
Favourable prospects for oil and gas sector
Kerjaya Prospek’s outlook stays robust
NSE IPO threatens to hollow out shadow market
Rising oil prices, AI fears cloud Bursa trajectory
Distribution growth to underpin UMediC’s FY27 earnings
MISC profit to gain steam from tanker boom
EcoWorld Malaysia bids for S’pore land

Others Also Read