KUALA LUMPUR, Feb 20 — The ringgit continued to lose ground against the firming US dollar following positive data in the US housing market and a steady Federal Open Market Committee (FOMC) meeting minutes. At 6pm, the local note lost 200 basis points (bps) to 4.1800/1840 against the greenback...
Malaysian ringgit notes are seen among US dollar bills in this photo illustration taken in Singapore August 24, 2015. — Reuters pic
This is the lowest level last seen on Nov 26, 2019 when the local unit finished at 4.1810/1850 versus the US dollar. “The slower growth in China will have a broad-based impact on Asean economies, including Malaysia, as supply chain disruptions affected exports while commodity dislocations weighed on inflation.
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