The Ringgit strengthened slightly against the US dollar in early trading, supported by cautious optimism ahead of the August 1 US tariff deadline. At 8.03am, it stood at 4.2195/2375 compared to Tuesday’s 4.2300/2370 close.
Ringgit Strengthens Ahead of Tariff Deadline Amid Trade Optimism
Bank Muamalat economist Dr Mohd Afzanizam forecasts a trading range of RM4.22 to RM4.24, while SPI Asset Management’s Stephen Innes attributes the Ringgit’s gain to weaker US Treasury yields and renewed trade diplomacy.
He noted that Malaysia’s ongoing negotiations to lower proposed US tariffs from 25% to 15–20% are helping sentiment. Despite mixed performance against major currencies, the Ringgit was firmer versus most regional peers.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
