Ringgit closes lower v dollar | The Malaysian Insight

Ringgit closes lower v dollar

An analyst says the ringgit could remain weak in the short run due to the poor China data. – AFP pic, June 14, 2023.At 6pm, the local note finished at 4.6195/6235 against the greenback from 4.6115/6185 at yesterday’s close.

“But the broader discussion around the ringgit weakness is centred on the tight correlation to yuan, wide interest rate differentials and net investment outflows,” he said. “The ringgit could remain weak in the short run due to the poor China data, and BNM is far from considering cuts among Asian central banks”

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