From Malay Mail · · 1m
Ringgit Rises on Budget 2027 Optimism
Malaysian ringgit gains against US dollar and major currencies after positive Budget 2027 sentiment.
In brief
Malaysian ringgit gains against US dollar and major currencies after positive Budget 2027 sentiment. Malaysian ringgit strengthened to 4.0820/0865 against US dollar following Budget 2027 optimism. Originally reported by Malay Mail.
Ringgit strengthens against US dollar
The ringgit closed higher against the US dollar at 4.0820/0865 from Friday's 4.0830/0875.
Budget 2027 boosts market sentiment
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam said Budget 2027 showed government commitment to fiscal discipline.
Ringgit rises against major currencies
The ringgit strengthened against yen, pound, euro, and Indonesian rupiah but stayed stable against Philippine peso.
Ringgit edges up against Singapore dollar
The ringgit edged up against Singapore dollar to 3.1873/1911 from Friday's 3.1896/1934.
Ringgit slides against Thai baht
The ringgit slid against Thai baht to 12.1391/1568 from Friday's 12.1735/1909.
Market reaction to Budget 2027
Investors responded positively to Budget 2027's fiscal discipline focus despite heightened external risks.
The takeaway
Malaysian ringgit strengthened to 4.0820/0865 against US dollar following Budget 2027 optimism.
