The Malaysian ringgit strengthened against the US dollar as global risk appetite improved, supported by easing geopolitical concerns and better market sentiment.
Global risk
Analysts said the local currency gained traction alongside other emerging market currencies, driven by renewed investor confidence and expectations of stable economic conditions. External factors, including commodity prices and US monetary policy, also influenced movement.
Market watchers expect the ringgit to remain sensitive to global developments, with investors continuing to monitor economic data and central bank signals.
Ringgit rises as risk appetite returns to markets.
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