KUALA LUMPUR, Oct 28 — The ringgit eased against the US dollar at the close today amid cautious sentiment ahead of the United States (US) presidential election next week, said an...
‘Because of you, I couldn’t see Jay Chou’: Malaysian fan goes into labour before concert at Bukit Jalil stadiumKUALA LUMPUR, Oct 28 — The ringgit eased against the US dollar at the close today amid cautious sentiment ahead of the United States presidential election next week, said an analyst.
He added that the US Federal Reserve might not seem in a hurry to cut rates aggressively while other developed countries would continue to cut rates.“On that note, the ringgit could stay weak in the near term while all eyes will be observing the US presidential election next week,” Mohd Afzanizam told Bernama.It edged up versus the Japanese yen to 2.8521/8545 versus 2.8554/8586 at Friday’s close, while it decreased vis-a-vis the British pound to 5.6564/6610 from 5.
The local currency was slightly higher against the Indonesian rupiah to 277.2/277.6 from 277.3/277.8 at the previous close and slid versus the Thai baht to 12.8780/8933 from 12.8425/8619. — Bernama
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