Finance

Ringgit Soars as US Dollar Weakens: What You Need to Know!

2025-05-07

Author: Arjun

KUALA LUMPUR - The Malaysian ringgit is on the rise! In early trading on Wednesday, the currency gained momentum against the US dollar, thanks to a dip in the US dollar index (DXY) and falling US Treasury yields.

At 8 am, the ringgit was valued at 4.2120/2300 compared to Tuesday's closing rate of 4.2285/2360, showcasing a significant shift in market dynamics.

This surge highlights ongoing risk-off sentiments among investors, increasing the appeal of the ringgit in this volatile economic climate. Could this be the turning point for Malaysia's currency? Stay tuned!

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