Ringgit surges: Economic reforms, potential us rate cut propel currency to be Asia's second best performer

KUALA LUMPUR: The government's commitment to economic reforms and continued optimism about possible shrinking interest rate gap between Malaysia and the United States (US) have contributed to the ringgit’s favourable performance, an analyst said.

The ringgit now stands as the second best-performing currency in the Asian region, with year-to-date number showing that it depreciated by only 1.66 per cent against the US dollar, behind the Indian rupee which eased by 0.39 per cent, according to Bloomberg data.