The Malaysian ringgit rose to the strongest level in more than seven years, buoyed by optimism over the country’s ties to the artificial intelligence supply chain and the nation’s growth outlook. The benchmark equity index also advanced.
The currency appreciated as much as 1% to 3.9678 per dollar on Monday, the strongest since May 2018. The FTSE Bursa Malaysia KLCI Index rose as much as 0.9%.
