Ringgit slides further against US dollar
At 9am, the local currency slipped to 4.6140/6155 against the greenback from yesterday’s closing of 4.6100/6120.
Sterling crumbles to record low, dollar soars on UK fiscal angst
The British pound's searing drop helped the safe-haven US dollar to a new two-decade peak against a basket of major peers.
Ringgit value will continue to fall for now, says economist
The strengthening of the US dollar, driven by the increase in US interest rates, has caused a decline not only in the ringgit but in other currencies as well.
Ringgit opens at 24-year low against US dollar
This is its lowest level versus the US dollar since the Asian financial crisis in 1998.
US dollar hits 20-year high as Fed flags rates higher for longer
The dollar index scaled to a fresh two-decade peak of 109.4 in early Asia trade, with greenback strength pushing other major currencies to new lows and putting pressure on its emerging markets counterparts.
Euro strikes dollar parity as eurozone recession fears mount
The European single currency hit exactly one dollar – its lowest level since December 2002 – before rising to US$1.0023.
Ringgit slump due to external factors, economists say
But there is also a silver lining to the drop in ringgit value, they add.
A case for pegging the ringgit
The fact remains that the 1998 pegging was successful.
Lebanon sells cheapest Big Mac in the world as currency collapses
Lebanese social media is flooded with requests for donations of baby milk and medications that have disappeared, and even food.
Once among Asia’s worst currencies, ringgit now on the road to recovery
An improving global economic outlook and the deployment of Covid-19 vaccines have boosted the ringgit’s appeal.
Ringgit hits below 4.0 against dollar in strongest performance since 2018
As at 10.30am, the currency was trading at RM3.95 against the US dollar.