By Izzy A
The Malaysian Ringgit climbed to its strongest level in more than seven years, trading near RM3.97 against the U.S. dollar on Monday, supported by optimism around Malaysia’s growth outlook and expanding links with the artificial intelligence supply chain. The firming currency also lifted sentiment across financial markets as investors grew more constructive on the local economy.
Ringgit Rises to Seven-Year High on Growth and AI Supply Chain Optimism
The Ringgit has appreciated against several major currencies this year, buoyed by investor confidence and expectations of sustained domestic demand and tourism growth. Analysts suggest that continued foreign investment and resilient fundamentals could underpin further strength.
Market participants said sentiment may stay positive if external conditions remain supportive, even as global risks persist. The currency’s performance comes amid broader gains in local equities and positive economic signals from the region.
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