Ringgit up against major currencies, holds steady against greenback on strong trade data


KUALA LUMPUR: The ringgit appreciated against major currencies and held firm versus the US dollar at the close on Tuesday as Malaysia posted a stronger trade performance, returning to positive growth in July.

According to the Ministry of Investment, Trade and Industry (MITI), the country’s trade performance rebounded by 3.8 per cent year-on-year (y-o-y) to RM265.92 billion in July, the highest monthly trade value ever.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Watts from water
Singapore’s financial sector a big winner
Up in Arms - or up the value chain?
Asia bonds for diversification
Smart city can’t beat the traffic
Powering a new reinvestment cycle as demand surges
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read