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Ringgit Closes Mostly Higher as Strong Q1 GDP Data Supports Malaysia Sentiment

Kuala Lumpur, 15 May 2026 – The ringgit closed mostly higher against major currencies on Friday as stronger-than-expected first-quarter economic growth reinforced confidence in Malaysia’s macroeconomic resilience.

Malaysia’s economy expanded 5.4% year-on-year in the first quarter of 2026, marginally exceeding market expectations and the earlier advance estimate of 5.3%. The stronger reading provided support to the local currency, signalling that domestic demand, investment activity and key growth sectors remained resilient despite a more uncertain global environment.

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Author

  • 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.

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