Getting worse before it gets better


IS the decline in the value of the ringgit a long-term structural change or just a temporary pullback? And how much lower can the local currency go against major currencies, in particular, the US dollar and Singapore dollar, if this downward trend were to continue?

These are some of the questions that have popped up following the steep depreciation of the ringgit against the greenback and the city-state’s currency.

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ringgit , dollar , recovery economy , commodities

   

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