Weakening ringgit no reason to sweat, say experts

Rakuten Trade's Lau said the ringgit weakening against the Singapore dollar was a temporary phenomenon.

PETALING JAYA: The ringgit’s historical low against the Singapore dollar is due to the latter tracking the movement of the US dollar, says Tradeview Capital Sdn Bhd chief executive officer Ng Zhu Hann.

The ringgit hit a historical low at RM3.55 against the Singapore dollar yesterday after closing at RM3.54, while also hitting RM4.76 against the greenback.