Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

Ringgit Rides High on Stronger Than Expected GDP Growth

Guavy AI Editorial Team
Instruments
USD
Share

The ringgit has started the day on a high note against the US dollar, following Malaysia's stronger-than-expected second quarter GDP growth of 6.0 percent.

At 8 am, the local currency had strengthened to 4.0830/0890 against the greenback from Friday's close of 4.0840/0885.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam attributed the Malaysian economy's resilience and ability to surprise on the upside to the latest GDP data, saying that the ringgit would 'linger around RM4.07 to RM4.09 today.'

However, geopolitical risks continue to exert upward pressure on crude oil prices, keeping the ringgit in a tight range against the greenback.

More on Forex

Forex 6m ago

RBNZ Expected to Hike Interest Rates Despite Cooling Inflation

Forex 6m ago

Labour Must Prepare for Power Shift with Comprehensive Leadership Changes

Forex 10m ago

Asia-Pacific Bond Markets Soar as Foreign Borrowers Flock In

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy