Ringgit slips amid rising geopolitical risks, but remains top currency globally

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KUALA LUMPUR:  The ringgit closed lower on Wednesday as rising geopolitical risks spurred the buying of safe haven assets such as the greenback, nevertheless it still emerged as a global best performer against the US dollar in a three-month period from July 2 to Oct 2.

"Hence, the safe haven currency, namely the US dollar, will be a highly sought after currency.

He said investors will also closely monitor upcoming US economic data going forward, especially the ISM services PMI will on Thursday the US non-farm payroll data on Friday.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaIsraelJapanLebanonSingapore

Topics: US dollar /Business/Business News Forex Iran Mohd Afzanizam Abdul Rashid Geopolitical Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 20:28:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © The Star

News ID: 22849556

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