Ringgit set for biggest monthly decline since 2015

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Ringgit set for biggest monthly decline since 2015
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The 'Big Little Lies' actress and 'Magic Mike' star, who got engaged a year ago, had recently collaborated on the thriller flick 'Blink Twice'.

MALAYSIA's currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over the US election.

The renewed strength in the dollar is battering Asian currencies, almost all of which have come under heavy pressure in October as traders reassess the pace of Federal Reserve interest-rate cuts and avoid risky assets in the run-up to the US election. "The previous gain was significant; therefore there’s more room for corrective play,” said Christopher Wong, a currency strategist at OCBC in Singapore."The ringgit’s sensitivity to the yuan and the yen is also one of the highest in the region, which helps explain why it is suffering more than the rest.”

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Ringgit Dollar Currency Decline

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