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The ringgit weakened against the US dollar due to a global pullback in AI-related investments.
Summarised automatically by AI from the original article by New Straits Times. AI can make mistakes, so check the original for details.
Also reported by Free Malaysia Today
KUALA LUMPUR: The ringgit eased against the US dollar on Tuesday amid a pullback in global artificial intelligence (AI)-related trades and investments.
At 6pm, the local note slipped to 4.0735/0775 against the greenback from Monday's close of 4.0695/0735.
SPI Asset Management managing partner Stephen Innes said the ringgit's weakness was largely driven by broader risk aversion, particularly as investors unwound AI-related investments.
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