KUALA LUMPUR: Uncertainties in the foreign exchange market will continue to prevail until there is greater clarity on policy direction, particularly regarding the tariff lengths, says Bank Negara governor Datuk Seri Abdul Rasheed Ghaffour.
“I would say that the ringgit and other currencies in the region have been pretty resilient supported by strong fundamentals,” he said.
Besides this, he said, Malaysia has strong economic growth prospects and the government is committed to structural reforms, Abdul Rasheed told reporters at the end of the 12th Asean Finance Ministers’ and Central Bank Governors’ Meeting and related meetings here yesterday. All these provide support for the ringgit, said the governor to Bernama.
The ringgit ended firmer against the US dollar yesterday, snapping a three-day losing streak following US President Donald Trump’s 90-day pause in reciprocal tariffs for all countries except China.
