Malaysian ringgit hits 16-month high amid strong economic performance

Mary Alavanza
Wed, 07 Aug 2024 08:00:51 +0000
Malaysia, Malaysian ringgit, ringgit

TOKYO/MALAYSIA: The Malaysian ringgit hit its highest level against the US dollar since April 2023 in Tokyo trading on Monday. This gain was driven by Malaysia’s strong economic performance and weak US economic data, leading to a dollar sell-off. According to Nikkei Asia, the ringgit climbed to the low 4.39 range against the dollar, marking …