PETALING JAYA: The ringgit touched its strongest point in nearly 18 months against the Singapore dollar after the exchange rate dipped below the 3.0-mark again for the second time in 2020.
The Malaysian currency emerged as the immediate beneficiary after Singapore’s central bank, Monetary Authority of Singapore (MAS), hinted at a possible monetary easing move as a result of the weakening economic conditions post-novel coronavirus outbreak.
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