KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Friday, with markets remaining cautious as they continued to assess the fiscal outlook ahead of the tabling of Budget 2027.
At 8am, the ringgit edged higher to 4.0880/4.0945 against the greenback from Thursday’s close of 4.0890/4.0940.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said markets would focus on the government’s fiscal position, with expectations that it would maintain fiscal discipline and keep the fiscal deficit on a downward trajectory.
He said this was particularly important given the political considerations surrounding the Budget, with state elections approaching and a general election expected in the future.
