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Reasons Behind The Weak Ringgit

P. Gunasegaram, Joint CEO and Founding Editor, KiniBiz

15-Jun-15 09:35

Reasons Behind The Weak Ringgit

The ringgit last week hit RM3.77 against the US dollar -- lowest level in nine years. However in the next two days, it rebounded to be the best performing currency in the last two weeks. We explore the mechanics of the ringgit's movement and reasons behind its current weakness.


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Tags:  RM,  Ringgit Malaysia,  Depreciation,  Volatility,  Balance of Payments,  1MDB,  Political Uncertainty,  Foreign Exchange Reserves


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