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Ringgit Snaps Seven-Day Rally as Traders Turn Cautious Ahead of 1Q GDP Data

By Chee Liang CFA3 min read

Kuala Lumpur, 15 May 2026 – The ringgit eased against the US dollar on Friday, snapping a seven-trading-day rally as currency traders turned cautious ahead of Malaysia’s first-quarter 2026 gross domestic product data.

At 8am, the local note opened lower at 3.9320/9370 against the greenback, compared with Thursday’s close of 3.9300/9330. The pullback came after several sessions of strength, reflecting a pause in market momentum as investors waited for clearer confirmation of Malaysia’s economic performance.

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Author

  • Chee Liang CFA

    Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.