Ringgit opens higher on strong domestic economic data

New Straits Times Bernama · News & blogs · 1 hr ago

Key takeaways

The ringgit opened higher against the US dollar due to strong domestic economic data.

Ringgit strengthened to 4.0795/0850 against the dollar.
Strong economic data includes export growth and GDP expansion.
Economist noted the data supports the local currency.

Summarised automatically by AI from the original article by New Straits Times. AI can make mistakes, so check the original for details.

KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday, supported by strong domestic economic data that strengthened expectations of a possible normalisation of the overnight policy rate.

At 8am, the ringgit strengthened to 4.0795/0850 against the greenback from Tuesday's close of 4.0805/0845.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said robust economic indicators, particularly export growth and gross domestic product expansion, provide support for the local currency.

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Published: October 21, 2026 at 12:20 AM UTC
By: Bernama
Format: Article
Original: nst.com.my ↗

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New Straits Times Ringgit opens higher on strong domestic economic data (this story)

Ringgit opens higher on strong domestic economic data

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