Malaysia needs to resolve its domestic issues in order to boost investor confidence and this would help stem the decline in the ringgit.
BIMB Securities Research said on Wednesday the downside of the Ringgit can be attributed to firstly, declining oil prices, which contributed about 30% to government revenue.
Secondly, the expectations of a slowdown in China and its currency policy and concerned on the equity markets that have dampened sentiments thus reducing the allure for emerging market currencies.
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BIMB Securities Research said on Wednesday the downside of the Ringgit can be attributed to firstly, declining oil prices, which contributed about 30% to government revenue.
Secondly, the expectations of a slowdown in China and its currency policy and concerned on the equity markets that have dampened sentiments thus reducing the allure for emerging market currencies.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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