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Malaysian Ringgit Rises Against Dollar Amid Economic Uncertainty

5/20/2025

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Summary

Story summary

The Malaysian ringgit gained ground against the US dollar, finishing at 4.2870/2945, buoyed by a dip in the US Dollar Index after a credit rating downgrade. However, it struggled against the yen and euro, reflecting ongoing economic uncertainties that challenge the dollar's stability, as noted by Bank Muamalat's chief economist.

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Story summary

The Malaysian ringgit gained ground against the US dollar, finishing at 4.2870/2945, buoyed by a dip in the US Dollar Index after a credit rating downgrade. However, it struggled against the yen and euro, reflecting ongoing economic uncertainties that challenge the dollar's stability, as noted by Bank Muamalat's chief economist.