KUALA LUMPUR: The ringgit was Asia’s best-performing currency this year against its regional peers, with its gains underpinned by strong economic fundamentals and buoyant exports, while interest rate cuts by the United States Federal Reserve (Fed) provided pivotal support to the local currency.
The Malaysian currency gained nearly 9.0 per cent against the US dollar, with the outlook remaining positive as the ringgit is now trading at around 4.07 versus the greenback.
