Ringgit Depreciates Amid Global Market Uncertainty Over US Tariffs

Quick Summary:

The ringgit opened lower against the US dollar due to a lack of buying interest, with market uncertainty persisting following the global reciprocal tariffs introduced by US President Donald Trump.  This morning the ringgit weakened to 4.4485/4765 against the greenback compared to last Friday’s close of 4.4335/4400.

Bank Muamalat Malaysia Bhd’s chief economist, Dr.

He highlighted that S&P 500 and Nasdaq futures dropped by 4.57% and 5.33% on Friday, indicating that investors are bearish on risky assets.

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Category: InvestingBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: Ringgit Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 02:38:24 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

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Sentences: 16 lines

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