Ringgit strengthens against greenback as Trump administration pushes disruptive trade policies
KUALA LUMPUR: The ringgit continued to strengthen against the US dollar on Wednesday, as the US economy is perceived as fragile amid the Trump administration's continued push for disruptive trade policies.
At 8am, the local note inched higher to 4.2370/2640 versus the greenback from Tuesday's close of 4.2425/2485.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to remain strong as the US economy is still seen as fragile, according to survey data such as the US Institute for Supply Management (ISM) Index and Consumer Sentiment Index.
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