Ringgit slide fueled by US tariff deadline concern: Bank of Singapore

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KUALA LUMPUR (Sept 3): Declines in the Indonesian rupiah and the Malaysian ringgit reflect nervousness regarding the impending deadline for US tariffs on another US$200 billion in Chinese imports, according to Bank of Singapore Ltd.

* Markets may be trying to test the 15,000/USD psychological level for IDR, with the spotlight still trained on economies running current-account deficits as indicated by INR’s recent weakness, says Sim Moh Siong, FX strategist at Bank of Singapore

* Ringgit could be playing catch-up to losses in regional peers after onshore markets were shut on Aug 31

* NOTE: USD/IDR rises 0.7% to 14,830, highest since July 1998 while USD/MYR gains 0.5% to 9-month high of 4.1298