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    Ringgit Dips Slightly Against US Dollar Amid Strong US Economic Data

    Ringgit Closes Slightly Lower Against US Dollar Kuala Lumpur, June 5, 2025 – The Malaysian Ringgit experienced a slight dip against the US dollar on Thursday, June 5th, 2025, closing at approximately 4.2435. This follows the release of unexpectedly robust US economic data earlier in the week, which boosted investor confidence in the US dollar. According to a source at Bank Negara Malaysia, "The stronger US data increased demand for the dollar, leading to some downward pressure on the Ringgit." The Ringgit's performance over the past week shows a relatively stable trend, with the highest point recorded at 4.2490 and the lowest at 4.2335. This week's fluctuation is relatively minor compared to the broader trends observed over the past month. The overall outlook for the Ringgit remains to be seen, pending further economic indicators.

    2 months ago
    MY
    Malaysia
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