HONG KONG: Asian markets fell Monday (Nov 11) after China's keenly anticipated plans to support the world's number two economy fell short of expectations, while traders were also keeping tabs on Washington as Donald Trump puts his cabinet together after last week's election win.
Ringgit to trade between RM4.3259 and RM4.4390; local currency likely to trade higher against dollar from Monday
“Despite that, the positive prospects of the Malaysian economy, which includes the government’s commitment to carry out structural reforms, will give continuous support to the ringgit,” said Lim during a Question and Answer session in Parliament on Monday . The ringgit is being closely watched after it was one of the best-performing currencies in Asia, at one point trading the highest at 4.115 against the US dollar in September this year.
Lim also said that Malaysia is set to benefit from its involvement in BRICS, the Organisation for Economic Co-operation and Development , and the Asia Pacific Economic Cooperation .
US Dollar Bank Negara Donald Trump Lim Hui Ying
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