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Ringgit slips to 1998 low against US$

Analysts looking at 4.80 mark by middle of 2017 as capital outflows exact a toll
Tuesday, December 20, 2016 - 05:50

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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

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