Pressure piles on Bursa and the ringgit

Pressure piles on Bursa and the ringgit FMTNews FMTBusiness

KUALA LUMPUR: Bursa Malaysia and the ringgit extended their losses from yesterday to open lower at the start of the trading day this morning.

The FTSE Bursa Malaysia KLCI began the day 1,382.20 points, down 3.75 points from yesterday’s close of 1,385.95 points.At the forex market, the ringgit came under greater pressure as strong US labour market data indicates that the Federal Reserve’s restrictive stance on monetary policy will be maintained.Subscribe to our newsletter and get news delivered to your mailbox.

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