This contributed further to the downward spiral in the ringgit, as seen from its plunge from a three-year high of 3.1463 against the greenback to the current 4.4755. Exporters have been reluctant to send [the US] dollar back to the ringgit,” he said at StanChart’s Global Research Briefing 2017 event yesterday. Devesh attributed the negative sentiment on the ringgit among onshore corporates to the major uncertainties in the last few years. According to him, the sentiment currently is still negative, pointing to numerous global uncertainties. “The amount of global uncertainties are massive.

Source: The Edge Markets January 11, 2017 01:19 UTC