Factors affecting ringgit

Quick Summary:

The strength of the ringgit in the near term will depend on the magnitude of the US Federal Reserve (Fed) rate cut and growth of the China economy, says Malaysian Institute of Economic Research executive director Dr Anthony Dass.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the heightened uncertainties over the US presidential election and the US Federal Open Market Committee meeting next week are the main concerns.

While some recent stimulus measures have boosted regional assets temporarily, the broader slowdown has put additional pressure on export-reliant currencies like the ringgit,” he told StarBiz.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: LYDIA NATHAN

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: FedRateCut Forex RinggitStrength USDEffects EconomicOutlook TradeTensions /Business/Business News CurrencyVolatility ChinaGrowth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 712 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23354860

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 30 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions