The Ringgit strengthened to 4.11 against the US dollar, its highest level in four and a half years, driven by weaker US economic data that boosted expectations of an interest‑rate cut by the Federal Reserve.
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Ringgit Hits RM4.11
At 6pm, it closed at 4.1115/1165, surpassing the previous peak recorded in June 2021. Analysts said a sharp drop in US ADP payrolls and rising job‑cut indicators have put the dollar on the defensive, supporting Asian currencies.
While the Ringgit weakened against major currencies like the pound, euro and yen, it gained against regional peers including the Singapore dollar, rupiah, peso and baht.
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