Has The Ringgit Hit The Trough?

The Malaysian ringgit has recorded its steepest monthly drop since November 2016. Although generally a weak currency is good for exports as it makes selling of goods more affordable, a weak currency could also be challenging for the economy as it makes imports more expensive. Saktiandi Supaat, Head of FX Research, Global Markets, Maybank Singapore breaks down the cause of this Ringgit weakness with us.