Ringgit closes lower on continuous demand for greenback

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The story "Ringgit closes lower on continuous demand for greenback" was covered 2 days ago by The Star, a news publisher based in Malaysia.

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The Star 2d ago

Ringgit closes lower on continuous demand for greenback - The Star

Quick Summary:

KUALA LUMPUR: The ringgit finished lower against the US dollar on the first trading day of the year on continuous demand for the greenback due to concerns over the US Federal Reserve’s (Fed) potential decision to cut interest rates in 2025.

Markets were closed on Wednesday for New Year’s Day.

Meanwhile, the local note traded mixed against ASEAN currencies.