By Izzy A
The Malaysian Ringgit strengthened to its highest level in more than seven years, breaking the key 4.00 psychological mark against the U.S. dollar as investor sentiment turned positive.
The Ringgit’s gain reflects optimism over Malaysia’s economic growth prospects and expectations around the upcoming U.S. Federal Reserve meeting, which could influence global currency markets.
Ringgit Strengthens Beyond 4.00
Analysts say the local currency’s performance is supported by constructive investor views and favourable fundamentals, though expectations remain sensitive to global monetary policy decisions and risk sentiment.
The Ringgit’s resilience is also linked to Malaysia’s growing economic ties and positive data, with some forecasters suggesting the currency may trade even higher if the external outlook continues to improve.
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