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Ringgit Opens Higher Against US Dollar as Improved Sentiment Supports Local Note

By Chee Liang CFA3 min read

Kuala Lumpur, 29 May 2026 – The ringgit opened higher against the US dollar as improved market sentiment and Malaysia’s relatively steady macroeconomic fundamentals supported demand for the local currency.

The local note’s firmer opening came as investors responded to a more constructive global risk backdrop, with expectations that the ringgit could move closer towards the RM3.95 level against the greenback if sentiment continues to improve. Analysts noted that Malaysia’s improving current account surplus and narrowing fiscal deficit in the first quarter of 2026 suggest that the risk of the country becoming a twin-deficit economy remains low.

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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.