You are here

Ringgit slips to 1998 low against US$

Analysts looking at 4.80 mark by middle of 2017 as capital outflows exact a toll

40630389 - 22_11_2016 - MALAYSIA-FX_CONTROLS.jpg
As the ringgit slipped to 4.48 to the US dollar - a level last seen during the Asian financial crisis of 1998 - a breach of 4.50 was considered a formality, with some analysts projecting the besieged currency would hit 4.80 by mid-2017, owing to weakening economic fundamentals.

Kuala Lumpur

AS THE ringgit slipped to 4.48 to the US dollar - a level last seen during the Asian financial crisis of 1998 - a breach of 4.50 was considered a formality, with some analysts projecting the besieged currency would hit 4.80 by mid-2017, owing to weakening economic

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom