17 April 2019
At 6pm, the ringgit fell to 4.1330/1360 against the US dollar from 4.1310/1350 at yesterday’s close. Phillip Capital Management senior vice-president Datuk Nazri Khan Adam Khan said concerns over the potential downgrade had influenced investors risk-appetite and offset the weaker US dollar sentiment.
“The government needs to address this concern of bond managers and boost their confidence,” he told Bernama. “FTSE Russell said it will continue to engage with local regulators and market participants in Malaysia and China to assess the potential changes to a country’s classification,” it said on April 15.
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