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Ringgit set for worst month in nine years amid US election jitters
The Straits Times
|November 01, 2024
MANILA - Malaysia's currency is on course for its worst month in more than nine years as investors scale back on risk assets amid concerns over the US election.
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The ringgit is down more than 6 per cent against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. The ringgit traded at 4.39 per dollar on Oct 30.
The ringgit has also weakened against the Singapore currency and is down about 3 per cent in October. It closed at 3.2993 per Singapore dollar on Oct 30.
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