Feb 9: Ringgit extends losses against US dollar amidst global turmoil

February 9, 2018 @ 6:36PM
By Bernama

KUALA LUMPUR: The ringgit continued its slide against the US dollar today as investors shifted towards safe haven currencies due to growing concerns over global economic volatility.

At 6pm, the local note ended at 3.9370/9410 against the greenback, from 3.9245/9275 on Thursday.

The ringgit also closed mostly lower against a basket of other major currencies.

It declined against the Singapore dollar to 2.9604/9643 from 2.9496/9523 yesterday; weakened versus the yen to 3.6096/6143 from 3.5759/5789 previously; and was slightly lower against the British pound at 5.4795/4859 from 5.4394/4439. – BERNAMA

The ringgit continued its slide against the US dollar today as investors shifted towards safe haven currencies due to growing concerns over global economic volatility. FILE PIC