Ringgit soars to highest in three years after China announces economic stimulus 

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KUALA LUMPUR, Sept 24 — The ringgit surged to its highest level since December 2021, rising 0.7 per cent to 4.171 agains...

However, uncertainties surrounding the US presidential election this November 5 have left traders cautious about potential impacts on emerging-market assets.“The fourth quarter will likely be more uncertain compared to a strong September, as headlines could be impacted by the US election and the pace of Fed rate cuts,” Lynn Song, ING’s chief economist for Greater China, was quoted as saying in the same Reuters news report.

This marks the ringgit as the best-performing currency in the region this year, aiming for its strongest performance since 2017.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: China economic stimulus 2024 Asian currencies Ringgit Forex

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 16:32:09 (3 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 226 words

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Copyright Owner: © Malay Mail

News ID: 22757069

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