KUALA LUMPUR: The ringgit closed lower on Wednesday as rising geopolitical risks spurred the buying of safe haven assets such as the greenback, nevertheless it still emerged as a global best performer against the US dollar in a three-month period from July 2 to Oct 2.
Analyst attribute the ringgit's recent strong performance to the implementation of economic reforms in Malaysia, along with political stability that has led to postive reviews by credit rating agencies and global investment banks, resulting in more inflows from foreign funds.
