Arkib Harian: May 9, 2024

Ringgit has been unfortunate, unfairly assessed vs US dollar -BNM

Ringgit has been unfortunate unfairly assessed vs US dollar BNM

KUALA LUMPUR: The continued uncertainties over China’s economic growth prospects and the recent geopolitical crisis have increased US dollar demand as a safe-haven asset, said Bank Negara Malaysia (BNM) deputy governor Adnan Zaylani Mohamad Zahid. “Much has been made of the performance of the ringgit against the US dollar. Unfortunately, …

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