KUALA LUMPUR: The ringgit held steady against the US dollar at the close yesterday, supported by positive business indicators across Asia, including Malaysia, but tilted down slightly amid cautious market sentiment due to heightened geopolitical risks.
At 6pm, the local note eased to 3.9305/9345 against the greenback from Tuesday’s close of 3.9295/9360.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said purchasing managers’ index data showed that Asian economies, including Malaysia, have exhibited a positive trend, indicating improving business sentiment despite uncertainties over US tariff policies and heightened geopolitical risks.
