Ringgit weakens against dollar amid global uncertainty

The ringgit's mixed performance reflected broad currency market dynamics, with the US dollar maintaining its safe-haven appeal as investors sought shelter from mounting global uncertainties. The strength of the greenback has persisted despite some stabilisation in regional markets, with the currency continuing to attract capital flows typically associated with risk-averse positioning.

Against regional peers and other major currencies, the ringgit showed relative resilience, posting gains that underscored the broader weakness of the dollar index outside its pairing with the Malaysian unit. The divergence highlighted the competing forces affecting regional currency markets, where domestic economic factors jostle with international sentiment for investor attention.

Market observers attributed the ringgit's retreat against the dollar to the continuing preference for US assets during periods of geopolitical stress. The currency's performance is likely to remain sensitive to developments in global risk sentiment and any shifts in central bank policy expectations, particularly in major economies.

The ringgit's trajectory against the dollar will be closely monitored by Malaysian exporters and investors with US dollar exposure, as currency movements continue to influence competitiveness and cross-border transaction costs in the regional trade environment.