News Formal

Ringgit stays strong, up 5.03pc against US dollar as at Nov 4 amid market shifts, says finance minister II

  • 📰 malaymail
  • ⏱ Reading Time:
  • 38 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 86%

Ringgit Vs Usd News

Ringgit,Amir Hamzah Azizan,Finance Ministry

KUALA LUMPUR, Nov 5 — The ringgit’s value is still strong amid recent market developments and adjustments, with the local note rising by 5.03 per cent against the US dollar as...

MACC quizzes FashionValet founders Vivy Yusof, Fadzarudin Shah over RM43.9m investment losses linked to Khazanah, PNB after office raid in KL

Finance Minister II Datuk Seri Amir Hamzah Azizan said that at the same time, the ringgit has strengthened against regional currencies — by 13.3 per cent against the yen, 12.2 per cent against the won, 7.5 per cent against the rupiah, and 3.7 per cent against the baht. “Global factors such as geopolitical unrest in the Middle East and elections in the US have also contributed to the volatility of the global financial market, including the ringgit and emerging market currencies,” he said during the question-and-answer session at the Dewan Rakyat today.

In addition to external developments, Amir Hamzah said the Malaysian economy is also developing well, having grown by an average of 5.1 per cent as at the third quarter of 2024 .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ringgit rises against US dollar, most other currencies at market open amid jitters over Harris-Trump presidential raceKUALA LUMPUR, Oct 24 — The ringgit traded slightly higher against the US dollar early Thursday, amid uncertainty over the upcoming US presidential election on Nov 5, an analyst...
Source: malaymail - 🏆 1. / 86 Read more »