World Bulletin / News Desk
The ringgit and rupiah were at the most weakes in three weeks after the escalation of tensions between Iran and Saudi Arabia bolstered demand for the dollar.
The benchmark KLCI stock index retreated while a gauge of the greenback climbed as Saudi Arabia severed diplomatic ties with Iran after its embassy in Tehran was attacked to protest the Saudis’ execution of a prominent Shia cleric.
The ringgit lost ground even as Malaysia’s oil export revenues stood to gain from a rise in Brent crude to a three-week high.
source: Malaysia insiderLast Mod: 04 Ocak 2016, 09:28