Skip to content
Monday, 12 October 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Ringgit Edges Higher as Budget 2027 Reinforces Malaysia’s Fiscal Path

The ringgit edged higher against the US dollar after Budget 2027 set a 3.3% deficit target, although oil and global rate risks remain influential.

By TLA AI Editor3 min read

Kuala Lumpur, 12 October 2026 – The ringgit opened marginally firmer against the US dollar after Budget 2027 set out a narrower fiscal-deficit target, giving currency investors another reason to assess Malaysia’s policy credibility against an unsettled global backdrop. The local currency began trading at 4.0820/4.0880 per dollar, compared with 4.0830/4.0875 at the previous close.

The move was small, and it should not be mistaken for a decisive market repricing. Its significance lies in the policy signal behind it. The government expects the fiscal deficit to ease to 3.3% of gross domestic product in 2027 from an estimated 3.6% in 2026, keeping the country on a path towards a 3% target by 2028.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.