Why the ringgit was world’s top performing currency last week, and what this means for Malaysia

Ringgit News

Why the ringgit was world’s top performing currency last week, and what this means for Malaysia
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The ringgit has recovered over a tenth of its value against the dollar since January It is also up against a broad range of currencies including the Singaporean dollar,...

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King: Visit to China a success, Malaysia can emulate many things to restore country’s reputation after previous challenging years The Malaysian currency surged to its highest level against the greenback since March 2022 after the 50 basis points rate cut in the US that exceeded initial forecasts, continuing a rally that began in January this year.What is pushing the ringgit up?

Some analysts have also attributed the currency’s strong performance to the stable political leadership, as Prime Minister Datuk Seri Anwar Ibrahim has managed to allay fears that his coalition government of political parties that included former rivals could disintegrate, keeping it solidly intact until today.

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