Kuala Lumpur, 23 July 2026 – The ringgit opened lower against the US dollar while trading mixed against other major and regional currencies as investors continued to favour the greenback amid heightened geopolitical tensions, elevated oil prices and expectations that US interest rates could remain higher for longer.
The local currency traded at 4.0850/4.0910 against the US dollar in early trading, reflecting cautious market sentiment despite Malaysia’s resilient economic fundamentals. The movement came as global investors maintained defensive positions amid ongoing uncertainty surrounding geopolitical developments and international trade.
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