Ringgit Strengthens Against Dollar, Boosts Export Confidence

The Malaysian ringgit has continued its upward trend against the US dollar and other major currencies, buoyed by sustained investor confidence and positive sentiment. Analysts and officials note that while this rally reflects optimism and speculation around potential trade deals, it is unlikely to significantly impact Malaysia’s exports, as companies are already front-loading shipments in anticipation of US tariff hikes. The improvement in the ringgit comes despite persistent uncertainty over US economic growth due to the tariff policy introduced by President Donald Trump. Market sentiment has also been bolstered by the Malaysian government's readiness to mitigate the impact of these tariffs, as expressed in a special parliamentary session. The ringgit's gains extend across both major global currencies and regional peers. Overall, the currency remains within a manageable range for exporters, according to Malaysia's Investment, Trade and Industry Minister.