PETALING JAYA: The ringgit touched the RM3.96 mark against the US dollar yesterday, a level not seen since June 2018.
This keeps the ringgit as Asia’s best performer, outperforming major currencies including the Japanese yen and Singapore dollar.
Broad US dollar weakness, improving regional sentiment, and a host of domestic fundamentals are said to be underpinning the ringgit’s surge.
Yet, while the rally sparks optimism, its staying power beyond the first half of financial year 2026 (1H26) is unclear, with analysts urging caution on its momentum in 2H26.
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