PETALING JAYA: The global reserve currency - the US dollar - has been losing steam over the past several months and has lost nearly 10% of its international value, as measured by the US Dollar Index, since its year-to-date peak in March.
The greenback continues to slip on a downward trend but that has put pressure on exporters in Malaysia that rely on dollar receipts.
The stronger ringgit comes as a boon for importers purchasing items and services denominated in the US dollar but it is a bane for exporters who sell their products in US dollar terms.
...