The Afternoon Update with Hongbin Jeong (1pm – 4pm)The Afternoon Update with Hongbin Jeong (1pm – 4pm)

Money in the Market: Will the Malaysian ringgit breach its lowest level, hit back in 1998?

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The Malaysian ringgit has continued its slide, with most recently hitting its lowest level since 1998. The recent weakness in the ringgit was partly due to the soft economic expansion reported last week, whereby annual gross domestic product growth for 2023 missed the official forecast, also driven by China’s sluggish economy hurting exports in the country. But some say it is doubtful that it will breach its record low, hit back in 1998. On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist, Phillip Nova, to find out more about the outlook of the ringgit. 

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The Afternoon Update with Hongbin Jeong (1pm – 4pm)

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