Ringgit continues to end lower vs US dollar
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On November 13, 2024, the Malaysian ringgit fell to 4.4450/4495 against the US dollar, down from 4.4365/4400 the previous day; this marks the third consecutive day of decline; Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted the rise in the US Dollar Index (DXY) ahead of US inflation data; market sentiment shifted due to diminished expectations for a US rate cut in 2025 following recent election outcomes; the ringgit appreciated against the British pound and Japanese yen but weakened against the euro and ASEAN currencies; it fell against the Thai baht, Singapore dollar, Philippine peso, and Indonesian rupiah.

#Ringgit #UsDollar #Economy #CurrencyExchange #BankMuamalat #Inflation #Dxy #Asean #MonetaryPolicy #Malaysia

https://www.nst.com.my/business/economy/2024/11/1134031/ringgit-continues-end-lower-vs-us-dollar