Malaysia Sees Ringgit on Path to Strengthen Below 4 Per Dollar
The Malaysian ringgit is set to extend its recent gains as strong domestic spending and the government’s fiscal prudence cushion the blow from US tariffs, finance minister II Amir Hamzah Azizan said.
The currency may strengthen to “just below” 4 ringgit versus the dollar in 12 months, Amir said in an interview with Bloomberg Television’s Haslinda Amin on Sunday. That would represent a more than 5% gain that takes the currency to its strongest closing level since 2018.
“The ringgit is still resilient because the fundamentals are still strong,” said Amir, who also oversees the economy ministry. Even if the US Federal Reserve were to slow its pace of easing, “the ringgit still has a lot of wind behind it to be able to push ahead along the way.”
Malaysia’s…
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