World · Malaysia Bureau
Ringgit weakens against dollar, strengthens versus regional peers
The Malaysian ringgit traded lower against the US dollar on Thursday evening, though it managed gains against other Southeast Asian currencies. The currency closed the day showing mixed performance across major pairings.
LSN Malaysia ·
The ringgit depreciated to 4.0890/4.0940 against the US dollar by 6 pm, compared with Wednesday's closing level of 4.0850/4.0895, reflecting modest selling pressure on the local unit.
The slight weakening against the greenback follows broader market dynamics affecting regional currencies, as investors assessed economic data and central bank signals from major economies.
However, the ringgit's performance against other ASEAN currencies presented a different picture. The local currency outperformed its Southeast Asian counterparts, gaining ground against regional rivals in Thursday's trading session.
Analysts attributed the mixed results to divergent monetary policy expectations across the region and shifting risk sentiment in currency markets. The ringgit's relative strength against peer currencies suggested underlying demand for the local unit despite headwinds from dollar strength.
Traders continued monitoring developments affecting capital flows and external demand, with particular attention to upcoming economic indicators and regional central bank communications that could influence near-term currency movements.