Ringgit continues downtrend against dollar
The ringgit has continued its downtrend to close lower against the greenback. – The Malaysian Insight file pic, August 2, 2023.
THE ringgit continued its downtrend to close lower against the greenback today, along with other emerging currencies, as concern over the global economic outlook resulted in more investors shifting towards a safe haven, an analyst said. At 6pm, the local note weakened to 4.5400/5450 against the US dollar compared with 4.5175/5200 at yesterday’s close.
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