KUALA LUMPUR: The ringgit ended easier against the US dollar yesterday amid cautious sentiment in the currency market.
At 6pm, the local note was pegged at 4.2140/2195 versus the greenback, slightly lower than Tuesday’s closing rate of 4.2125/2155.
“The US dollar/ringgit traded within a narrow range of RM4.21 to RM4.22 as traders and investors remain cautious on the state of the US economy with the government shutdown still in place,” Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama.
He noted that the tabling of Budget 2026 this Friday could, to some extent, determine the future trend.
“Should the government remain committed to maintaining fiscal discipline, it could lead to further appreciation of the ringgit. For now, there is a wait-and-see attitude amid the external uncertainties,” he said.
