Higher US yields and Middle East conflict influenced the financial markets’ reaction, says analyst.
KUALA LUMPUR: The ringgit extended its downtrend to end lower against the US dollar today as investors remained cautious amid rising tension in the Gaza Strip, an economist said.
“The combination of higher US yields and increased tension in the Middle East after a hospital was hit by a missile of unknown origin has influenced the financial markets’ reaction and sealed the gloomy intraday fate for the ringgit,” he told Bernama.
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