Ringgit up 1.3pct to 4.3758 against US dollar, its strongest level since February 2023
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The ringgit appreciated by 1.31% against the US dollar on August 19, 2024, reaching RM4.3758, its strongest level since mid-February 2023; Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted the ringgit's resilience amid positive US economic data; the US dollar/ringgit exchange rate broke RM4.4005, indicating strong performance among Asian currencies; the upcoming Jackson Hole Symposium is anticipated to provide insights on future Federal Open Market Committee meetings.
#Ringgit #UsDollar #Economy #BankMuamalat #ExchangeRate #JacksonHoleSymposium #CurrencyPerformance #EconomicData #AsianCurrencies #FinancialNews
https://www.nst.com.my/business/economy/2024/08/1093626/ringgit-13pct-43758-against-us-dollar-its-strongest-level-february
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