Bank Negara: External influence will affect ringgit

Bank Negara: External influence will affect ringgit

KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus today said ringgit, which appreciated 1.1% against the US dollar last year, will continue to be influenced by external developments in 2020.

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


Tags assigned to this article:
Bank Negara Malaysiaringgit