Ringgit ends higher against US dollar


Bank Muamalat's Mohd Afzanizam said the upcoming Budget 2026 is likely to provide near-term support for the ringgit.

KUALA LUMPUR: The ringgit closed marginally higher yesterday against the US dollar amid renewed buying interest.

At 6pm, 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 Mohd Afzanizam Abdul Rashid said the US dollar/Malaysian ringgit pair remained in a narrow range, hovering around RM4.21. 

He noted that the US Dollar Index 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 yesterday, the ringgit was mostly higher against a basket of major currencies.

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