World · Malaysia Bureau
Ringgit gains against regional peers, weakens versus US dollar
Malaysia's ringgit closed higher against major regional currencies on Wednesday, though it retreated against the US dollar as greenback strength persisted in broader currency markets.
LSN Malaysia ·
The ringgit weakened to 4.0850/4.0895 against the US dollar by 6 pm local time, extending recent pressure on the Malaysian currency as demand for the greenback remained firm. The currency's performance reflected a broader pattern in Asian markets, where the strong US dollar has continued to weigh on regional counterparts amid persistent global economic uncertainties. Against regional currencies, the ringgit demonstrated relative strength, gaining ground and outperforming several of its Asian peers. Analysts attributed the mixed performance to divergent market forces, with the dollar's safe-haven appeal offsetting positive sentiment in some regional trade dynamics. The ringgit's trajectory will likely remain sensitive to US monetary policy signals and broader developments in regional economic activity in the days ahead.