Trending News: TDM Proposes RM1.5 Bln Sukuk Wakalah Programme IssuanceURWAH, Etiqa Takaful Provide Aid To Kedah Flood VictimsGovt Has No Immediate Plans To Develop App To Enhance Digital Security, Online SafetyTransNusa Partners With Three Malaysian Medical Centres For Passenger HealthcareMisappropriation Of “Infak” Funds: Alif Teega Maintains Not Guilty PleaGISBH Ceo Among 22 Charged With Being Members Of Organised Crime GroupBahasa Melayu Must Be A Key Player In All Sectors – FadhlinaAhmad Zahid Hails SMART’s Second Placing In International Rescue ChallengeChair Of ASEAN: Malaysia Earnest To Strengthen Regional Partnership – TiongGovt To Ensure Construction Sector Remains Competitive, Sustainable – PM181 Incidents Of Malaysia Airlines Planes Returning To Parking Position In 2024Bangladeshi Worker Falls To Death At Penang Construction SiteRinggit Continues Downtrend Amid Uncertainty Over US Presidential ElectionXsolla Reaffirms Market Leadership in Web Shop Solutions With the Most Comprehensive Feature Set and Over 400 Successful LaunchesBetter Cooperation Opportunities With Japan, South Korea In Disaster Management – DPM ZahidYunnan’s Dali Showcases Ecological Achievements At The Erhai Forum, Gaining International RecognitionCuepacs Urges MOH To Address Issue Of Healthcare Workers’ UniformsAhmad Zahid Attends ASEAN Ministerial Meeting On Disaster Management In BruneiMalaysia Elevates AI As A Catalyst For Sustainable Growth – TPM FadillahPint-sized Azlyn Farhana Finishes As Top Scorer In Canoe Polo World C’shipsAnwar’s Visit And Investment Promotion Mission Generate RM82.6 Bln In Potential Investments – MITIRecursion Announces First Patient Dosed In Phase 2 Clinical Study Of REC-3964, A Potential First-in-class, Oral, Non-antibiotic Small Molecule For Recurrent Clostridioides Difficile Infection7,400 Companies Using E-invoice System; 58 Mln E-invoices Issued As At Oct 14 — MoFBursa Malaysia Opens Higher Amid Mixed Wall Street OvernightThree Companies Qualify For Online Bid To Supply Renewable EnergyCPO Futures Hit Two-year High On Weak Production, Lower StocksThe Fletcher School At Tufts University Launches STEM-Designated International Development Economics TrackCapitaLand Malaysia Trust’s Sustainability-linked Loans Total RM752 Mln To DateVikneswaran: Young Tigers ‘clueless’ After Taking Lead In Loss To IndiaGamuda Stock Jumps After Securing Taiwan’s MRT ProjectFahmi To Contact Meutya To Discuss Social Media-related Issues, Digital SecurityLiyana Just Wanna Have Fun In Pro Debut At Maybank C’shipsHelp Is On The Way For Shuttler Qi Xuan Through NSI – HannahNIQ Launches Marketing Mix Modeling Solutions, Expanding Its Media DivisionKLGCC Course Gives World No 2 Lilia Vu The JittersBayan Lepas Sinkhole: IWK Pipe Repair Works Nearly Completed – ExcoJumio Leads With Innovation By Announcing Over 300 Patents And Patent ApplicationsMAB Focuses On Enhancing Training, Hiring Workers To Address Demand, Modern AircraftKenanga Investment Maintains 2024 GDP Growth Forecast At 5.0 PctJumio’s Patent Count Exceeds 300, Reinforcing Position In Identity SolutionsMITI Finalising Sustainable Development Guidelines For Data CentresXsolla Reaffirms Market Leadership With Over 400 Web Shops LaunchesGovt To Ensure Construction Sector Remains Competitive, Sustainable – PM AnwarKerjaya Prospek Group Bags Two Contracts Worth RM34.43 MlnMalaysia’s Electrified Vehicle Count Reaches 33,319 Units As Of Sept 30 — Tengku ZafrulCIDB Calls On Construction Sector To Focus On Sustainable MethodSC’s Audit Oversight Board Prohibits Auditor From Auditing For One YearPAMB, UNIMAS Jointly Host Sarawak Grads Financial ConventionMalaysia’s Energy Transition Development Attracts Interest Of Japanese – FadillahBudget 2025: RM15.1 Mln To Bolster Smart City DevelopmentMalaysia Should Utilise COP16 Platform To Showcase Biodiversity Conservation – ExpertsOPUS International And HSS Engineering Forge Strategic Joint Venture To Lead Infrastructure Development Across Southeast Asia And Middle East‘Cicak’ Nabbed For Alleged Involvement In 22 House Break-insPart 2: Families In Despair As Millions In Pilot Training Funds Go MissingHigh Court Rules ‘Duta Enclave’ Should Be Retured To Semantan EstateHytera To Revolutionize Mobile Workforce Communication By Launching P5 Series Poc RadioSyed Muhammad Naquib Contributes Greatly To Islamic Thought And Civilisation – PM AnwarMMEA To Receive New Ships, Upgrade Fleet With RM675 Million AllocationClose Encounters Of Two Teenage Girls With Suspected KidnappersOrganisations Should Integrate ESG, Help Cut Greenhouse Gas Emissions – Nik NazmiBursa Malaysia Ends Lower For Third Consecutive DayMPs voice Support, Concerns Over Minimum Wage IncreasePakistani Man Nabbed For Attempting To Bribe PolicemanKPWKM Committed To Tackling Domestic Violence Issue – NorainiCustoms Dept Denies Viral Claims Of DG Interference In S’wak Vehicle Smuggling CaseAirAsia Combo Units To Cut Co2 Emissions By 20,000 Tonnes Annually – LokeSOJC: Malaysia Suffer Third Consecutive Defeat After 2-4 Loss To IndiaKuala Kangsar Water Sport Festival Postponed In View Of Current Flood Situation In PerakNanny’s Chilling Experience Of Nearly Falling Prey To Human Trafficking SyndicateCourt Of Appeal Sets Dec 5 For Najib’s House Arrest Addendum Appeal HearingMalaysia To Collaborate With Various Stakeholders In Pursuit Of UHC and SDG 2030Unbelievable Jeff! IriusRisk Introduces an AI-powered Tool Which Can Generate Threat Models From ImagesBudget 2025 To Attract More Quality Investments, Making Malaysia Preferred Investment Destination – MIDARM2 Billion Allocation Shows Madani Govt’s Commitment To Upholding Islam – IKIMPolice Nab Man For Robbing Hotel EmployeeSix New Fire Stations To Improve Response Time In Six LocationsFloods: 468 Evacuees Still Seeking Shelter At Relief CentresEBC Financial Group Expands Partnership with DiNapoli’s Leading Indicators, Revealing Key Strategies for Navigating Black Swan EventsCPO Futures Close Higher On Expectation Of Weaker Production35 New Projects For Construction Of Additional PPKI Buildings Nationwide Next YearGold Futures Close Marginally LowerCooperative Board Member On Remand For Power AbuseNicol David Appointed As ITA’s Education AmbassadorNational Fraud Portal Cuts Fund-tracing Time To 30 Minutes, Boosts Frozen FundsSupplementary Electoral Roll For September 2024 Open For Review – ECQuantexa Recognized as Category Leader in the RiskTech Quadrant® for KYC SolutionsMMEA Vessel KM Sebatik Back In Service After RefitAudit Important To Ensure Accuracy Of Financial Reports, Compliance With Tax Laws – IRBAnwar Hails Achievement Of ‘Magnificent Seven’ In Olympics, ParalympicsGovt Drafting Plan To Recover 420,000 Hectares Of Abandoned Rubber LandEnergy Storage Key To Solar Power Integration — CitaglobalAppeals Court Reserves Decision On Bribery Appeals By Former Ministry Sec-Gen And SonRinggit Ends Lower Vs US Dollar As External Factors Weigh1,236 Terengganu Police Officers, Personnel On Standby For FloodsPM Anwar And JBIC Discuss Green Energy, Digitalisation Industry InvestmentsBlack and Veatch Serves As Owner’s Engineer For Combined Cycle Power Plant In SarawakFBM KLCI Futures Ends Mostly LowerThree Policemen Charged With Accepting RM3,000 BribePenang FC To Make Final Drastic Decision Soon4.4 Mln Vehicles From S’pore Paid Almost rm88 Mln To Enter Johor In Nine Months – Loke
Thu. Oct 24th, 2024
Trending News: TDM Proposes RM1.5 Bln Sukuk Wakalah Programme IssuanceURWAH, Etiqa Takaful Provide Aid To Kedah Flood VictimsGovt Has No Immediate Plans To Develop App To Enhance Digital Security, Online SafetyTransNusa Partners With Three Malaysian Medical Centres For Passenger HealthcareMisappropriation Of “Infak” Funds: Alif Teega Maintains Not Guilty PleaGISBH Ceo Among 22 Charged With Being Members Of Organised Crime GroupBahasa Melayu Must Be A Key Player In All Sectors – FadhlinaAhmad Zahid Hails SMART’s Second Placing In International Rescue ChallengeChair Of ASEAN: Malaysia Earnest To Strengthen Regional Partnership – TiongGovt To Ensure Construction Sector Remains Competitive, Sustainable – PM181 Incidents Of Malaysia Airlines Planes Returning To Parking Position In 2024Bangladeshi Worker Falls To Death At Penang Construction SiteRinggit Continues Downtrend Amid Uncertainty Over US Presidential ElectionXsolla Reaffirms Market Leadership in Web Shop Solutions With the Most Comprehensive Feature Set and Over 400 Successful LaunchesBetter Cooperation Opportunities With Japan, South Korea In Disaster Management – DPM ZahidYunnan’s Dali Showcases Ecological Achievements At The Erhai Forum, Gaining International RecognitionCuepacs Urges MOH To Address Issue Of Healthcare Workers’ UniformsAhmad Zahid Attends ASEAN Ministerial Meeting On Disaster Management In BruneiMalaysia Elevates AI As A Catalyst For Sustainable Growth – TPM FadillahPint-sized Azlyn Farhana Finishes As Top Scorer In Canoe Polo World C’shipsAnwar’s Visit And Investment Promotion Mission Generate RM82.6 Bln In Potential Investments – MITIRecursion Announces First Patient Dosed In Phase 2 Clinical Study Of REC-3964, A Potential First-in-class, Oral, Non-antibiotic Small Molecule For Recurrent Clostridioides Difficile Infection7,400 Companies Using E-invoice System; 58 Mln E-invoices Issued As At Oct 14 — MoFBursa Malaysia Opens Higher Amid Mixed Wall Street OvernightThree Companies Qualify For Online Bid To Supply Renewable EnergyCPO Futures Hit Two-year High On Weak Production, Lower StocksThe Fletcher School At Tufts University Launches STEM-Designated International Development Economics TrackCapitaLand Malaysia Trust’s Sustainability-linked Loans Total RM752 Mln To DateVikneswaran: Young Tigers ‘clueless’ After Taking Lead In Loss To IndiaGamuda Stock Jumps After Securing Taiwan’s MRT ProjectFahmi To Contact Meutya To Discuss Social Media-related Issues, Digital SecurityLiyana Just Wanna Have Fun In Pro Debut At Maybank C’shipsHelp Is On The Way For Shuttler Qi Xuan Through NSI – HannahNIQ Launches Marketing Mix Modeling Solutions, Expanding Its Media DivisionKLGCC Course Gives World No 2 Lilia Vu The JittersBayan Lepas Sinkhole: IWK Pipe Repair Works Nearly Completed – ExcoJumio Leads With Innovation By Announcing Over 300 Patents And Patent ApplicationsMAB Focuses On Enhancing Training, Hiring Workers To Address Demand, Modern AircraftKenanga Investment Maintains 2024 GDP Growth Forecast At 5.0 PctJumio’s Patent Count Exceeds 300, Reinforcing Position In Identity SolutionsMITI Finalising Sustainable Development Guidelines For Data CentresXsolla Reaffirms Market Leadership With Over 400 Web Shops LaunchesGovt To Ensure Construction Sector Remains Competitive, Sustainable – PM AnwarKerjaya Prospek Group Bags Two Contracts Worth RM34.43 MlnMalaysia’s Electrified Vehicle Count Reaches 33,319 Units As Of Sept 30 — Tengku ZafrulCIDB Calls On Construction Sector To Focus On Sustainable MethodSC’s Audit Oversight Board Prohibits Auditor From Auditing For One YearPAMB, UNIMAS Jointly Host Sarawak Grads Financial ConventionMalaysia’s Energy Transition Development Attracts Interest Of Japanese – FadillahBudget 2025: RM15.1 Mln To Bolster Smart City DevelopmentMalaysia Should Utilise COP16 Platform To Showcase Biodiversity Conservation – ExpertsOPUS International And HSS Engineering Forge Strategic Joint Venture To Lead Infrastructure Development Across Southeast Asia And Middle East‘Cicak’ Nabbed For Alleged Involvement In 22 House Break-insPart 2: Families In Despair As Millions In Pilot Training Funds Go MissingHigh Court Rules ‘Duta Enclave’ Should Be Retured To Semantan EstateHytera To Revolutionize Mobile Workforce Communication By Launching P5 Series Poc RadioSyed Muhammad Naquib Contributes Greatly To Islamic Thought And Civilisation – PM AnwarMMEA To Receive New Ships, Upgrade Fleet With RM675 Million AllocationClose Encounters Of Two Teenage Girls With Suspected KidnappersOrganisations Should Integrate ESG, Help Cut Greenhouse Gas Emissions – Nik NazmiBursa Malaysia Ends Lower For Third Consecutive DayMPs voice Support, Concerns Over Minimum Wage IncreasePakistani Man Nabbed For Attempting To Bribe PolicemanKPWKM Committed To Tackling Domestic Violence Issue – NorainiCustoms Dept Denies Viral Claims Of DG Interference In S’wak Vehicle Smuggling CaseAirAsia Combo Units To Cut Co2 Emissions By 20,000 Tonnes Annually – LokeSOJC: Malaysia Suffer Third Consecutive Defeat After 2-4 Loss To IndiaKuala Kangsar Water Sport Festival Postponed In View Of Current Flood Situation In PerakNanny’s Chilling Experience Of Nearly Falling Prey To Human Trafficking SyndicateCourt Of Appeal Sets Dec 5 For Najib’s House Arrest Addendum Appeal HearingMalaysia To Collaborate With Various Stakeholders In Pursuit Of UHC and SDG 2030Unbelievable Jeff! IriusRisk Introduces an AI-powered Tool Which Can Generate Threat Models From ImagesBudget 2025 To Attract More Quality Investments, Making Malaysia Preferred Investment Destination – MIDARM2 Billion Allocation Shows Madani Govt’s Commitment To Upholding Islam – IKIMPolice Nab Man For Robbing Hotel EmployeeSix New Fire Stations To Improve Response Time In Six LocationsFloods: 468 Evacuees Still Seeking Shelter At Relief CentresEBC Financial Group Expands Partnership with DiNapoli’s Leading Indicators, Revealing Key Strategies for Navigating Black Swan EventsCPO Futures Close Higher On Expectation Of Weaker Production35 New Projects For Construction Of Additional PPKI Buildings Nationwide Next YearGold Futures Close Marginally LowerCooperative Board Member On Remand For Power AbuseNicol David Appointed As ITA’s Education AmbassadorNational Fraud Portal Cuts Fund-tracing Time To 30 Minutes, Boosts Frozen FundsSupplementary Electoral Roll For September 2024 Open For Review – ECQuantexa Recognized as Category Leader in the RiskTech Quadrant® for KYC SolutionsMMEA Vessel KM Sebatik Back In Service After RefitAudit Important To Ensure Accuracy Of Financial Reports, Compliance With Tax Laws – IRBAnwar Hails Achievement Of ‘Magnificent Seven’ In Olympics, ParalympicsGovt Drafting Plan To Recover 420,000 Hectares Of Abandoned Rubber LandEnergy Storage Key To Solar Power Integration — CitaglobalAppeals Court Reserves Decision On Bribery Appeals By Former Ministry Sec-Gen And SonRinggit Ends Lower Vs US Dollar As External Factors Weigh1,236 Terengganu Police Officers, Personnel On Standby For FloodsPM Anwar And JBIC Discuss Green Energy, Digitalisation Industry InvestmentsBlack and Veatch Serves As Owner’s Engineer For Combined Cycle Power Plant In SarawakFBM KLCI Futures Ends Mostly LowerThree Policemen Charged With Accepting RM3,000 BribePenang FC To Make Final Drastic Decision Soon4.4 Mln Vehicles From S’pore Paid Almost rm88 Mln To Enter Johor In Nine Months – Loke
Thu. Oct 24th, 2024

Ringgit Continues Downtrend Amid Uncertainty Over US Presidential Election


KUALA LUMPUR, The ringgit continued to weaken against the US dollar on Wednesday as uncertainty surrounding the outcome of the US presidential election on Nov 5 weighed on the local currency.

At 6 pm, the local note was at 4.3490/3535 against the greenback compared with Tuesday’s close of 4.3255/3305.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Republican candidate, Donald Trump, is perceived as being more aggressive towards trade protectionism, with a policy approach that includes highly expansionary fiscal measures.

He stated that, if implemented, these policies could disrupt the global economy and lead to inflationary pressures, potentially affecting the US Federal Reserve’s (Fed) current monetary policy stance to cut interest rates. ‘As a result, traders and investors are turning to the US dollar as a safe haven currency,’ he told Bernama.

At the close, the ringgit was mostly lower against a basket of major currencies.

It edged up against the Japanese yen to
2.8484/8516 from 2.8668/8704 on Tuesday’s close but slipped against the euro to 4.6887/6935 from 4.6785/6839 and dropped vis-a-vis the British pound to 5.6433/6491 from 5.6097/6162 yesterday.

The ringgit traded mostly lower versus ASEAN currencies.

It depreciated against the Philippine peso to 7.50/7.52 from 7.47/7.49 previously, weakened against the Singapore dollar to 3.2932/2969 from 3.2879/2919 and eased against the Indonesian rupiah to 278.2/278.7 from 277.8/278.3. It rose against the Thai baht to 12.8959/9149 from 12.9089/9300.

Source: BERNAMA News Agency

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