Ringgit closes higher against major currencies on strong economic data
The ringgit closed higher against a basket of major currencies on Monday, supported by Malaysia's latest economic data, although it slipped versus the US dollar. Inflation eased to 1.8% in September 2026, while total trade surged 53.7% to RM396.5 billion. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the ringgit remained resilient despite external challenges, including the potential downgrading of Indonesia's stock market.
The US dollar/ringgit hovered within a narrow range of RM4.0788 to RM4.0828. The ringgit also performed well against other currencies, including the Japanese yen, euro, British pound, Indonesian rupiah, Philippine peso, Singapore dollar, and Thai baht.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
