Ringgit opens mostly higher as GDP growth beats forecasts
KUALA LUMPUR: The ringgit opened mostly higher against a basket of major currencies on Monday after Malaysia’s advance estimate of third-quarter 2026 gross domestic product (GDP) growth came in stronger than expected at 5.3 per cent.
The ringgit opened mostly higher against major currencies on Monday, as Malaysia's advance estimate of third-quarter 2026 GDP growth surpassed expectations at 5.3%. This positive economic news could potentially reinforce expectations of a normalisation of monetary policy, according to Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid.
Concerns over the valuations of AI-related stocks may also prompt traders to seek safe-haven assets, such as US Treasury bonds, which may support the US dollar. The ringgit showed strength against the euro, British pound, Indonesian rupiah, Philippine peso, Singapore dollar, and Thai baht, although it weakened against the Japanese yen.
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.
This story
This is one outlet's version. Read the fullest account.
- Ringgit opens mostly higher after Malaysia’s GDP growth beats expectations malaymail.com
- Ringgit firmer as Malaysia’s Q3 GDP growth beats expectations freemalaysiatoday.com
