Ringgit lower as risk-off mood emerges
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The article discusses the decline of the Malaysian ringgit due to a risk-off mood in the market. The ringgit has weakened against major currencies such as the US dollar and the euro. This decline is attributed to concerns over global economic growth and geopolitical tensions. The risk-off sentiment has led investors to seek safe-haven assets, putting pressure on emerging market currencies like the ringgit. The article also mentions that the decline in the ringgit is in line with the performance of other Asian currencies. The Malaysian government is closely monitoring the situation and taking measures to stabilize the currency. The article does not provide specific numbers or dates regarding the decline of the ringgit.



https://www.nst.com.my/business/economy/2024/03/1031039/ringgit-lower-risk-mood-emerges