China’s property market woes negatively impact Asian currencies, says analyst.
KUALA LUMPUR: The ringgit was little changed against the US dollar this morning amid weak sentiment across Asian currencies and the ongoing China property market woes.
“Asian forex markets will simply get no help from a US Federal Reserve that appears committed to higher for longer US interest rates,” he told Bernama. “It was reported that should the government shutdown occur, there could be a delay in the statistical releases such as the nonfarm payroll and consumer price index scheduled on Oct 6 and Oct 12.
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