Ringgit edges up as Trump-Xi meeting stays uncertain
Malaysia’s currency gained ground on Wednesday morning as Washington’s government operations remained stalled and trade negotiations stayed uncertain. The ringgit reached 4.2235 per dollar at 8:02 am compared with 4.2280 at Tuesday’s finish. Bank Muamalat Malaysia’s chief economist said the federal shutdown entered its third week without resolution, while Trump’s planned meeting with Xi showed no clear progress.
The lack of American economic data created market instability and pushed the currency into cautious trading between 4.22 and 4.23 ringgit per dollar. The local note strengthened against major currencies at opening and rose against regional units. Malaysia’s currency improved versus the Singapore dollar, Thai baht, Indonesian rupiah, and Philippine peso.
