KUALA LUMPUR: The ringgit closed marginally higher on Tuesday against the US dollar amid renewed buying interest.
At 6 pm, the local currency was quoted at 4.2125/2155 against the greenback, slightly firmer than Monday’s 4.2135/2180.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the USD/MYR pair remained in a narrow range, hovering around RM4.21.
He noted that the US Dollar Index (DXY) stayed elevated, supporting a stronger greenback amid ongoing political uncertainties in advanced economies.
"The upcoming Budget 2026 is likely to provide near-term support for the ringgit,” he told Bernama.
At the close, the ringgit was mostly higher against a basket of major currencies. It rose against the euro to 4.9135/9170 from 4.9155/9207 and strengthened versus the Japanese yen to 2.7938/7960 from 2.8019/8051, but eased against the British pound to 5.6620/6661 from 5.6608/6669.
Against ASEAN currencies, the local note was mostly weaker, except for the Thai baht, which rose to 12.9532/9688 from 12.9810/13.0009. It slipped versus the Singapore dollar to 3.2587/2613 from 3.2562/2599, fell against the Philippine peso to 7.25/7.26 from 7.22/7.23, and declined versus the Indonesian rupiah to 254.3/254.6 from 254.0/254.4. - Bernama
