Ringgit higher against US$ for third consecutive day

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KUALA LUMPUR: The ringgit closed higher against the US dollar for the third consecutive day as the greenback's safe-haven status weakened due to a mix of slowing United States (US) economic data, tariff uncertainty, and unpredictable policymaking, prompting traders to look elsewhere, said an analyst.

"Unless the US economy experiences an unexpected surge that significantly shocks the markets, the path of least resistance appears lower over the short term,” he told Bernama.

The ringgit increased against the Indonesian rupiah at Thursday’s close of 270.6/271.0 from 271.3/271.8 and was almost unchanged against the Philippine peso at 7.71/7.73 from 7.72/7.73 yesterday.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingaporeUnited States

Topics: Stephen Innes /Business/Business News US dollar Ringgit Tariffs. Forex

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-06 @ 18:57:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © The Star

News ID: 26694279

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