Ringgit retreats slightly against US dollar
Analysts say Malaysia’s economy has consistently shown good numbers and this has attracted the attention of investors. – The Malaysian Insight file pic, January 17, 2023.
At 9am, the ringgit depreciated to 4.3195/3235 against the greenback from yesterday’s close of 4.3150/3200. “Due to the cyclical nature of the market, the recent bullish move allowed a strong retracement which could bring the ringgit to the 4.000 region over the next few months,” he said.
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