Though it has slipped to a new low against the US dollar, the ringgit has strengthened against the Singapore dollar, Japanese yen, British pound, and euro. – The Malaysian Insight file pic, September 14, 2022.
At 9.05am, the local currency slid to 4.5200/5220 against the greenback from 4.5070/5085 at yesterday’s close. “This higher reading left investors wondering about how big an interest rate hike we could see at the next Federal Reserve meeting on September 21. Diniz said markets had responded strongly to the data, resulting in another strong appreciation of the US dollar against other currencies. Yesterday, Finance Minister Tengku Zafrul Abdul Aziz was reported as saying that Malaysia is not experiencing an economic crisis just because the ringgit is trading at a low level against the greenback.
Jihad tangani inflasi pala bana kamu AnnuarMusa
Prediction: mutha farker gona say; it’s not a problem cause it’s happening to other countries…. Our growth is still strong… 🤦♂️
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