{"id":62697,"date":"2024-04-16T13:49:56","date_gmt":"2024-04-16T05:49:56","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=62697"},"modified":"2024-04-16T13:49:56","modified_gmt":"2024-04-16T05:49:56","slug":"ringgit-slide-again","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again","title":{"rendered":"Ringgit Slides Against The Greenback Again, Amidst Global Turmoil"},"content":{"rendered":"

The Malaysian ringgit has slid again compared to the US greenback, with turmoil in the Middle East and anticipation of the US Federal Reserve keeping interest rates higher for longer.<\/span><\/p>\n

This time, the ringgit slid to 4.7800 to the dollar, which is close to the record low of 4.8850 which was reached in 1997, following the fallout of the Asian Financial Crisis. So far, the lowest the ringgit has slid against the greenback since then was in February, when the ringgit fell to 4.8053.<\/span><\/p>\n

<\/span>Middle East turmoil chief contributor<\/b><\/span><\/h2>\n

During the weekend, Iran finally retaliated against Israel\u2019s attack on its consulate in the capital of Syria, Damascus which happened on the 1st of April.<\/span><\/p>\n

In the retaliation, Iran fired more than 300 rockets, missiles and drones towards Israel. A majority of which failed to reach their intended targets according to Israeli authorities.<\/span><\/p>\n

According to a <\/span>report from The Star<\/span><\/a>, Sunway University professor of economics Yeah Kim Leng stated that the impact of this attack will be immediately felt albeit indirectly, in the form of higher global uncertainties and global risk aversion.<\/span><\/p>\n

He also told The Star that the US dollar is being strengthened by the fact that the expectation has changed in terms of the Federal Reserve interest rate cutting cycle.<\/span><\/p>\n

Right now, it is expected that the interest rate cutting cycle will happen later rather than sooner, as the numbers for inflation and jobs strengthens.<\/span><\/p>\n

<\/span>Bank Negara ready to support the ringgit<\/b><\/span><\/h2>\n

In a <\/span>statement<\/span><\/a> released yesterday, Bank Negara Malaysia (BNM) has stated that they are ready to use every tool they have to ensure that the Malaysian financial markets remain orderly and efficient.<\/span><\/p>\n

BNM also stated in the same statement that their market operations will ensure sufficient liquidity, supported by their ongoing initiatives with other financial players such as Government Linked Companies (GLCs) and Government Linked Investment Companies (GLICs).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Amidst tension in the Middle East and the US Federal Reserve keeping interests higher, the Ringgit slid against the greenback again, this time near the record low.<\/p>\n","protected":false},"author":51,"featured_media":41676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,216],"tags":[1559,1293,1292,2169,2168,546],"class_list":["post-62697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-updates","tag-dollar","tag-foreign-exchange","tag-forex","tag-iran","tag-israel","tag-ringgit"],"acf":[],"yoast_head":"\nRinggit Slides Again, This Time Near Record Low<\/title>\n<meta name=\"description\" content=\"Amidst tension in the Middle East and the US Federal Reserve keeping interests higher, the Ringgit slid against the greenback again, this time near the record low.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/ringgit-slide-again\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ringgit Slides Again, This Time Near Record Low\" \/>\n<meta property=\"og:description\" content=\"Amidst tension in the Middle East and the US Federal Reserve keeping interests higher, the Ringgit slid against the greenback again, this time near the record low.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/ringgit-slide-again\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T05:49:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2019\/12\/18170959\/ringgit-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Haziq Alfian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Haziq Alfian\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again\"},\"author\":{\"name\":\"Haziq Alfian\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/c8b6d65e0078bab2c19286b8db39547a\"},\"headline\":\"Ringgit Slides Against The Greenback Again, Amidst Global Turmoil\",\"datePublished\":\"2024-04-16T05:49:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again\"},\"wordCount\":316,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.imoney.my\\\/articles\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/18170959\\\/ringgit-3.jpg\",\"keywords\":[\"Dollar\",\"Foreign exchange\",\"forex\",\"Iran\",\"Israel\",\"Ringgit\"],\"articleSection\":[\"Economy\",\"News Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again\",\"name\":\"Ringgit Slides Again, This Time Near Record Low\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/static.imoney.my\\\/articles\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/18170959\\\/ringgit-3.jpg\",\"datePublished\":\"2024-04-16T05:49:56+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/c8b6d65e0078bab2c19286b8db39547a\"},\"description\":\"Amidst tension in the Middle East and the US Federal Reserve keeping interests higher, the Ringgit slid against the greenback again, this time near the record low.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again#primaryimage\",\"url\":\"https:\\\/\\\/static.imoney.my\\\/articles\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/18170959\\\/ringgit-3.jpg\",\"contentUrl\":\"https:\\\/\\\/static.imoney.my\\\/articles\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/18170959\\\/ringgit-3.jpg\",\"width\":1200,\"height\":627},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-slide-again#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/category\\\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Ringgit Slides Against The Greenback Again, Amidst Global Turmoil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/c8b6d65e0078bab2c19286b8db39547a\",\"name\":\"Haziq Alfian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/eaeaa191dc19ba7f00f54d7d1cf9dc7590a4a8743a7fd7ed950e0f63656ce8e2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/eaeaa191dc19ba7f00f54d7d1cf9dc7590a4a8743a7fd7ed950e0f63656ce8e2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/eaeaa191dc19ba7f00f54d7d1cf9dc7590a4a8743a7fd7ed950e0f63656ce8e2?s=96&d=mm&r=g\",\"caption\":\"Haziq Alfian\"},\"description\":\"A reader turned writer, Haziq Alfian navigates personal finance, sports, and politics with a practical touch. From money matters to the playing field and political landscapes, Haziq aims at providing you with a grounded, unbiased, and simple look at the daily happenings of the world.\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/author\\\/haziq-alfian\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ringgit Slides Again, This Time Near Record Low","description":"Amidst tension in the Middle East and the US Federal Reserve keeping interests higher, the Ringgit slid against the greenback again, this time near the record low.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again","og_locale":"en_US","og_type":"article","og_title":"Ringgit Slides Again, This Time Near Record Low","og_description":"Amidst tension in the Middle East and the US Federal Reserve keeping interests higher, the Ringgit slid against the greenback again, this time near the record low.","og_url":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again","og_site_name":"iMoney Malaysia","article_published_time":"2024-04-16T05:49:56+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2019\/12\/18170959\/ringgit-3.jpg","type":"image\/jpeg"}],"author":"Haziq Alfian","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Haziq Alfian","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again#article","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again"},"author":{"name":"Haziq Alfian","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a"},"headline":"Ringgit Slides Against The Greenback Again, Amidst Global Turmoil","datePublished":"2024-04-16T05:49:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again"},"wordCount":316,"commentCount":0,"image":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again#primaryimage"},"thumbnailUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2019\/12\/18170959\/ringgit-3.jpg","keywords":["Dollar","Foreign exchange","forex","Iran","Israel","Ringgit"],"articleSection":["Economy","News Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.imoney.my\/articles\/ringgit-slide-again#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again","url":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again","name":"Ringgit Slides Again, This Time Near Record Low","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again#primaryimage"},"thumbnailUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2019\/12\/18170959\/ringgit-3.jpg","datePublished":"2024-04-16T05:49:56+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a"},"description":"Amidst tension in the Middle East and the US Federal Reserve keeping interests higher, the Ringgit slid against the greenback again, this time near the record low.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/ringgit-slide-again"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again#primaryimage","url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2019\/12\/18170959\/ringgit-3.jpg","contentUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2019\/12\/18170959\/ringgit-3.jpg","width":1200,"height":627},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/ringgit-slide-again#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"Ringgit Slides Against The Greenback Again, Amidst Global Turmoil"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/c8b6d65e0078bab2c19286b8db39547a","name":"Haziq Alfian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/eaeaa191dc19ba7f00f54d7d1cf9dc7590a4a8743a7fd7ed950e0f63656ce8e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/eaeaa191dc19ba7f00f54d7d1cf9dc7590a4a8743a7fd7ed950e0f63656ce8e2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/eaeaa191dc19ba7f00f54d7d1cf9dc7590a4a8743a7fd7ed950e0f63656ce8e2?s=96&d=mm&r=g","caption":"Haziq Alfian"},"description":"A reader turned writer, Haziq Alfian navigates personal finance, sports, and politics with a practical touch. From money matters to the playing field and political landscapes, Haziq aims at providing you with a grounded, unbiased, and simple look at the daily happenings of the world.","url":"https:\/\/www.imoney.my\/articles\/author\/haziq-alfian"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/62697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=62697"}],"version-history":[{"count":3,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/62697\/revisions"}],"predecessor-version":[{"id":62701,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/62697\/revisions\/62701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/41676"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=62697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=62697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=62697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}