World · Malaysia Bureau
Ringgit weakens against dollar despite broader regional gains
The Malaysian ringgit retreated against the US dollar in afternoon trading, though it maintained strength against other regional currencies. The local unit slipped to 4.0840/4.0880 per greenback compared to Wednesday's closing level.
LSN Malaysia ·
The ringgit edged lower in late-session trading Thursday, moving to 4.0840/4.0880 against the US dollar from the previous day's close of 4.0780/4.0825.
The weakness against the greenback came as the dollar maintained its strength in regional forex markets, a pattern consistent with recent trading sentiment toward the US currency.
While the ringgit gave ground to the dollar, the local unit demonstrated resilience against several other major currencies in the region, reflecting mixed sentiment in Asian foreign exchange markets.
Traders attributed the movement to broader shifts in currency demand, with the dollar continuing to attract safe-haven flows in volatile market conditions. The ringgit's performance reflected typical inter-day fluctuations rather than a significant directional shift.