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Ringgit will continue to be influenced by external developments - BNM
Last update: 12/02/2020

KUALA LUMPUR, Feb 12 -- The ringgit which appreciated 1.1 per cent against the US dollar last year, will continue to be influenced by external developments in 2020, Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said today.

While the Phase One trade deal between the United States and China contributed to an improved outlook on global trade, sentiments among investors are also affected by concerns over the recent Covid-19 outbreak.

“As a result, the ringgit depreciated by 1.3 per cent against the US dollar this year up to Feb 10, amid weaker sentiments in global financial markets,” she said in a press conference announcing the fourth quarter 2019 Gross Domestic Product (GDP) growth here, today.

As at 12 pm, the local note was quoted at 4.1320/1360 as against the greenback.



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100 Yen 4.0416/0567
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Not sure
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