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Our Ringgit Is Weakening Because Of The Prospect Of War In The Middle East

By SAYS Sadho Ram

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Cover image via New Straits Times

The escalating geopolitical tension in the Middle East following the killing of Iranian Major General, Qasem Soleimani, is weakening the ringgit as traders shift towards the United States dollar (USD)

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Bernama report said that as of 9.06am today, 8 January, the ringgit was at 4.1100/1140 against the USD from 4.0910/0950 at yesterday’s closing time.

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