Ringgit set for biggest monthly decline since 2015

Quick Summary:

MALAYSIA's currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over the US election.

The fate of the ringgit in the near-term rests partly on the results of the US elections.

"The ringgit’s sensitivity to the yuan and the yen is also one of the highest in the region, which helps explain why it is suffering more than the rest.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapanSingapore

Topics: Decline Dollar Ringgit Forex Currency /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 16:47:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 347 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 23336410

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 30 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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