Ringgit continues to end lower vs US dollar

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KUALA LUMPUR: The ringgit slipped against the greenback for a third consecutive day following the rise in the US Dollar Index (DXY) ahead of the US inflation data release tonight, an economist said.

"The Fed is seen to be an outlier as other G7 economies have eased their monetary policy.

The ringgit traded weaker compared to ASEAN currencies.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: /Business/Business News US dollar Fed Ringgit Inflation DXY Mohd Afzanizam Abdul Rashid Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 19:07:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23569661

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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