Ringgit’s rebound makes sense

Quick Summary:

The ringgit’s turnaround has been impressive so far this year, going from the second worst performing currency against the US dollar to the best in Asia.

THE ringgit’s turnaround has been impressive so far this year, going from the second worst performing currency against the US dollar to the best in Asia.

What prompted the rise of the ringgit against the US dollar and consequently other currencies? There are many reasons.

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Article Details

Author / Journalist: JAGDEV SINGH SIDHU

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Exports Fundamentals /Business/Business News Demand Star Biz7 US dollar Sentiment Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 15:13:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 743 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21927866

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 39 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

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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