Malaysian ringgit slips to a new 24-year low vs US dollar

Malaysian ringgit slips to a new 24-year low vs US dollar

Diniz said the financial markets had responded highly to the data, resulting in another strong gratitude of the US money against other foreign currencies.

He also noted that oil benchmark Brent crude price fell by 0. 08 per cent to US$93. 10 per barrel.

On Tuesday, Finance Minister Tengku Zafrul Tengku Abdul Aziz was documented as saying that Malaysia is not experiencing a fiscal crisis just because the ringgit is investing at a low degree against the greenback.

He explained that the ringgit’s performance must be viewed holistically, not only in comparison with the US money, as the local note has also strengthened towards other currencies.

Meanwhile, the ringgit was traded higher against a basket of major foreign currencies.

The local device rose against the Singapore dollar to 3 or more. 2153/2174 from Tuesday’s close of 3 or more. 2320/2333 and valued against the Japanese yen to three or more. 1282/1301 from 3 or more. 1690/1703.

It had also sophisticated against the British lb at 5. 1989/2012 from 5. 2768/2786 yesterday and improved against the euro in order to 4. 5105/5125 through 4. 5818/5833 previously.