The Malaysian ringgit is vulnerable to dropping towards 2023’s low due to concerns over the current government’s stability. The ringgit is also facing headwinds from a recent slide in oil prices and falling exports. The ringgit is currently about 3% away from the 25-year low reached in October 2023. Last year, the ringgit was labelled as emerging Asia’s worst performer. RBC Capital Markets has projected the ringgit to drop about 2% from 12 January’s close to 4.75 versus the US Dollar in the first half of 2023. In October, the ringgit slumped to nearly 4.8, the weakest since January 1998, the height of the Asian financial crisis. The ringgit has slid more than 1% in January, adding to losses from the previous three years. (ICE KUALA LUMPUR)

Fonte notizia: 22 gennaio 2024, Kuala Lumpur