Malaysia Sees Ringgit Strengthening Below 4 Per Dollar

The Malaysian ringgit is set to extend its recent gains as strong domestic spending and the government’s fiscal prudence cushion the blow from US tariffs, Second Finance Minister Amir Hamzah Azizan said.

The currency may strengthen to “just below” 4 ringgit versus the dollar in 12 months, Amir said in an interview with Bloomberg Television’s Haslinda Amin on Sunday. That would represent a more than 5% gain that takes the currency to its strongest closing level since 2018.