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KUALA LUMPUR: It’s perhaps an understatement to say that the public has high expectations on the six newly sworn in senators.
With falling exports and economic growth dipping, the once fast-growing Asian Tigers of South Korea, Taiwan, Hong Kong and Singapore are now limping.
Prospect of a stronger greenback also presents the highest risk to the ringgit falling to 4.20 before the year is over.
PETALING JAYA: The ringgit has depreciated to its weakest level in five months against a surging US dollar, as growing concern over the trade dispute between the United States and China triggered a shift towards safe-haven assets such as US government bonds. In addition, declining crude oil prices also pressured the ringgit, which depreciated 0.33% against the greenback .
KUALA LUMPUR: Cutting interest rates is not an option for Bank Negara to prevent further weakness in the ringgit, said international forex broker FXTM.