KUALA LUMPUR: The ringgit closed marginally higher against the US dollar yesterday, extending its rally for the seventh consecutive trading day, as investors remained positive ahead of the United States government reopening vote.
At 6pm, the ringgit appreciated to 4.1315/1385 versus the greenback from Tuesday’s close of 4.1360/1395.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US House of Representatives would vote tonight on the reopening of the US government.
“If approved, the bill will be signed by US President Donald Trump, which will pave the way for the resumption of government services,” he told Bernama.
He said traders and investors remained constructive on the ringgit, with Malaysia’s gross domestic product for the third quarter of 2025, which will be announced tomorrow, likely to expand by more than 5%.
