Ringgit’s rebound makes sense


Malaysia needs a stronger ringgit that will translate into improved well-being of the rakyat at lower cost. A stronger ringgit will amplify any feel-good factors in the economy with cheaper imports and greater affordability. — GLENN GUAN/The Star

HOW times have changed. Recent months have seen the ringgit steadily rise to around RM4.50 against the US dollar.

It is a far cry from February when the headlines blasted the ringgit’s perilous position. Many newspapers then screamed about the diminished value of the ringgit which had slumped to an all-time low against the US and Singapore dollars.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Ringgit , US dollar , sentiment , demand , fundamentals , exports

Next In Business News

Oil drops as Trump calms Iran fears; tech stocks slide in Asia
Bank Negara's OPR expected to remain at 2.75% throughout 2026 - BMI
Ringgit edges up as softer US yields weigh on greenback�
Global trade finance gap at US$2.5 trillion as global trade tensions rise, ADB says
FBM KLCI hovers above 1,700 support
Former army chief Zamrose resigns as Boustead Heavy Industries director
Trading ideas: Sunview, TNB, Capital A, Keyfield, TRC, Rexit, Pestec, AirAsia X, Hibiscus, Selangor Dredging, BHIC, Globetronics
Oil reverses gains after Trump eases worries over Iran
Wall Street ends lower, led by drop in Nasdaq
Czech ammunition-maker CSG plans Amsterdam IPO

Others Also Read