Ringgit slightly higher vs greenback, supported by low oil prices
The Malaysian ringgit saw a slight increase against the US dollar, supported by lower global crude oil prices. Economists suggest the currency will remain stable as oil supply concerns in the Straits of Hormuz appear to be easing.
Why it matters
Currency fluctuations impact national trade and inflation, making this a key indicator for the Malaysian economy.
KUALA LUMPUR: The ringgit was slightly higher against the US dollar on Monday as the domestic unit continues to be well-supported with lower crude oil prices.
The article relies on market data and expert economic commentary without editorializing.
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