Malaysian ringgit movements continue to be market determined: central bank

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Malaysian ringgit movements continue to be market determined: central bank

STORY: Malaysian ringgit movements continue to be market determined: central bank DATELINE: Sept. 24, 2022 LENGTH: 00:01:33 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. Malaysia's national flag 2. various of aerial views of Kuala Lumpur 3. various of Bank Negara Malaysia (the Central Bank of Malaysia) 4. various of bank notes counting machines and interior of investment bank STORYLINE: The Malaysian Central Bank said on Friday that Malaysian ringgit movements will continue to be market determined. Bank Negara Malaysia (BNM) said in a statement that the bank continues to closely monitor and ensure orderly financial market conditions amidst external developments that have led to persistent strength in the U.S. dollar against almost all currencies, including the ringgit. The dollar has strengthened significantly due to aggressive monetary policy tightening in the United States, it added. It also said that tighter global financial conditions and higher volatility in the foreign exchange markets are

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