FBM KLCI at 21-month high; ringgit hits 26-year low
KUALA LUMPUR: Bursa Malaysia closed on Tuesday with a solid rally to its highest in about 21 months while the ringgit weakened to its lowest in 26 years.
Source: thestar.com.my
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Unexpected PBOC key borrowing cut drives ringgit lower
KUALA LUMPUR: The People’s Bank of China (PBOC) unexpectedly cutting its key borrowing rate more than what the market anticipated drove major regional currencies, including the ringgit, to trade lower against the US Dollar, mirroring the trend of the Chinese renminbi.
Source: thestar.com.my
Bank Negara governor to address questions on ringgit's slide, says PM
PETALING JAYA: Any questions on the ringgit’s performance will be addressed by Bank Negara governor Datuk Abdul Rasheed Abdul Ghaffour, says Prime Minister Datuk Seri Anwar Ibrahim.
Source: thestar.com.my
BNM says ringgit's slide doesn't reflect economic strength amid currency polemic
KUALA LUMPUR, Feb 20 — Bank Negara Malaysia (BNM) said today the ringgit’s performance does not reflect the country’s economic strength, as the currency slid further to its...
Source: malaymail.com
Bank Negara: Ringgit's current level doesn't reflect Malaysian economy's positive outlook
KUALA LUMPUR: The recent performance of the ringgit, like other regional currencies, are impacted by external factors such as market adjustments to shifting US interest rate expectations, geopolitical concerns, and uncertainties surrounding China's economic outlook, according to Bank Negara.
Source: thestar.com.my