Ringgit ends lower against US dollar on declining oil price, worries over china's economy


KUALA LUMPUR: The ringgit reversed its gains to close lower against the US dollar today as oil prices continued to fall and as China expanded its COVID-19 lockdowns, further spurring concerns on how the world’s second largest economy will be affected by the constant disruptions.

At 6 pm, the local currency fell to 4.4820/4840 against the greenback from Tuesday's close of 4.4745/4780.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Gaming stocks on track for recovery in 2025
iCents Group Holdings eyes listing on ACE Market
Infrastructure growth to support telecoms players
Thematic investing the way to go in 2025
Ageing population, tourism a boon for healthcare
Bright outlook for oil and gas on stable energy prices, PETRONAS capex
Infrastructure and DC projects set to boost construction
Dividend galore for PNB’s unit trust holders
China to ramp up fiscal support for consumption
Pan Merchant eyes ACE Market listing

Others Also Read