Ringgit closes lower against greenback ahead of US PPI data release

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KUALA LUMPUR: The ringgit closed lower against the US dollar ahead of the release of the United States (US) Producer Price Index (PPI) data amid trade war concerns, said an analyst.

"(The US PPI data would determine) whether the US Federal Reserve (Fed) next week would be dovish in its stance in light of the tariff war.

The ringgit was traded mostly lower against a basket of major currencies.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingaporeUnited States

Topics: Forex US PPI Ringgit Mohd Afzanizam Abdul Rashid /Business/Business News Stephen Innes US dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 19:11:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 26947300

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