Ringgit to exhibit softness in thin trading next week

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KUALA LUMPUR: The ringgit is set to exhibit softness next week during the last period of trading in 2024 and the start of 2025, with movements likely ranging between 4.47 and 4.50.

It eased against the Thai baht to 13.1023/1289 from 13.0670/0861 and fell vis-a-vis the Philippine peso to 7.72/7.74 from 7.66/7.67 last week.

He said the US dollar tends to weaken seasonally at this time, but with President-elect Donald Trump’s tariffs on the horizon, there's an added layer of uncertainty.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaJapanSingapore

Topics: Ringgit /Business/Business News US dollar Federal Reserve Forex Bond Stephen Innes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-28 @ 10:30:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © The Star

News ID: 24706091

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