PETALING JAYA: The ringgit is moving in the right direction despite the uncertainties caused by the US trade war, says Bank Negara governor Datuk Seri Abdul Rasheed Ghaffour.
He emphasised that Malaysia’s strong fundamentals and positive prospects are key factors supporting the ringgit.
“The ringgit is heading in the right direction. Given the narrowing interest rate differential we’re seeing, it should bode well for the ringgit.
“Considering the strong economic fundamentals and prospects that we have, I believe these factors are all positive for the ringgit,” he said at the China conference South-East Asia 2025 yesterday.
The ringgit ended higher against the US dollar, fuelled by continued expectation that the US Federal Reserve will cut interest rates.
At 6 pm, the ringgit rose to 4.4300/4360 versus the greenback compared with last Friday’s close of 4.4310/4385. — Bernama
