The Star·3 min read·medium
Ringgit eases against US$, tracks major currencies
T
The Star Online
✦AI Summary
The Malaysian ringgit has weakened against the US dollar as global market tensions and expectations of a US interest rate hike persist. While the currency faces pressure, analysts note that Malaysia's status as an energy exporter and strong trade data provide some resilience.
KUALA LUMPUR: The ringgit eased against the US dollar in the early session, tracking other major currencies, as the domestic unit is likely to stay cautious amid lingering West Asia tensions that further disrupt global oil and gas flows.
businesseconomy
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