Bank Negara: Ringgit will continue to be 'market determined' amid rising USD

Bank Negara said it will continue to closely monitor and ensure orderly financial market conditions amid external developments that have led to persistent strength in the US dollar against almost all currencies, including the ringgit.

However, the central bank said that “ringgit movements will continue to be market determined and the foreign exchange market continues to function and intermediate effectively”.

“Daily onshore...