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16-04-2024, 07:40 AM
UPDATED APR 15, 2024, 06:16 PM
SINGAPORE - Malaysia’s central bank reaffirmed that it is ready to support the ringgit, which is hovering close to its lowest level since 1998.
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The ringgit slipped as much as 0.2 per cent to 4.78 per US dollar on April 15, putting it within a whisker of its Feb 21 low of 4.8053, which was the weakest since January 1998.
Still, the ringgit was outperforming regional peers such as the South Korean won, Philippine peso and Taiwan dollar so far on April 15.
Against the Singapore dollar, which has also weakened against the dollar, the ringgit was trading at 3.5142 as at 5.15pm local time, little changed from its April 12 close.
https://www.straitstimes.com/business/ri...es-support
SINGAPORE - Malaysia’s central bank reaffirmed that it is ready to support the ringgit, which is hovering close to its lowest level since 1998.
......
The ringgit slipped as much as 0.2 per cent to 4.78 per US dollar on April 15, putting it within a whisker of its Feb 21 low of 4.8053, which was the weakest since January 1998.
Still, the ringgit was outperforming regional peers such as the South Korean won, Philippine peso and Taiwan dollar so far on April 15.
Against the Singapore dollar, which has also weakened against the dollar, the ringgit was trading at 3.5142 as at 5.15pm local time, little changed from its April 12 close.
https://www.straitstimes.com/business/ri...es-support
