Ringgit ends lower as US election results unfold

Quick Summary:

KUALA LUMPUR: The ringgit closed lower against the US dollar today, snapping two days of gains, as the US presidential election results poured in, said an economist.

"We believe the Fed might want to cut the Federal Funds Rate this week and perhaps in December,” he told Bernama.

"For now, a high degree of uncertainty would mean demand for the US dollar and therefore, we will see (trading in) the ringgit remain guarded,” he added.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaJapanSingaporeUnited States

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 19:15:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 23446188

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 35 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 4 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