Ringgit gains against US dollar, other major currencies on Budget 2027 optimism
KUALA LUMPUR, Oct 12 — The ringgit closed higher against the US dollar and other major currencies today, supported...
KUALA LUMPUR, Oct 12 — The Malaysian ringgit experienced a gain against the US dollar and other major currencies following the budget announcement for 2027 last week, according to an analyst. At 6pm, the ringgit showed strength, trading at 4.0820/0865 against the US dollar, up from the previous close of 4.0830/0875. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam attributed the favorable response to the government's commitment to fiscal discipline.
Despite global risks, the ringgit remained positive against the greenback, noted Afzanizam. Additionally, the local currency showed strength against major currencies such as the Japanese yen, British pound, euro, Indonesian rupiah, Singapore dollar, and Thai baht.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Ringgit up vs US dollar, other major currencies on positive Budget 2027 sentiment freemalaysiatoday.com
