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)
A 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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