Ringgit surges: Economists expect local currency may return to 3.82 KUALA LUMPUR: With less than a week left before the 2025 close, the ringgit continues its upward momentum, trading around 4.04 against the United States (US) dollar, the highest level in almost five years. The local currency’s performance reflects growing confidence among investors and traders in the Malaysian economy. Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the ringgit’s strength was clearly demonstrated not only against the US dollar but also against other regional currencies including the Singapore dollar. “There may be a reassessment by traders and investors of the Malaysian economy and the […]

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