The ringgit has fallen the most in a month as concern that the global economic recovery is stalling damped demand for riskier assets.

However, it is noted that the government bonds remain steady.

Asian shares dropped today after reports this week showed Chinese first-quarter gross domestic product (GDP) and March industrial production expanded less than analysts estimated.

Asia’s largest economy was the third-largest buyer of Malaysian goods in February.

The International Monetary Fund on April 16 trimmed its worldwide growth forecast to 3.3 percent this year from 3.5 percent.

“There are growth concerns about the global economy and fairly weak or non-existent risk appetite,” said Andy Ji, a foreign-exchange strategist in Singapore at Commonwealth Bank of Australia.

“(In addition,) There are still lingering concerns about the Chinese economy.”

The ringgit retreated 0.3 percent, the most since March 15, to 3.0353 per dollar as of 10.10am in Kuala Lumpur, according to data compiled by Bloomberg .

One-month implied that the volatility - which is a measure of expected moves in exchange rates used to price options - climbed nine basis points, or 0.09 percentage point, to 7.26 percent.

    

Go to KiniBiz for more .