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Ringgit Closes Lower as Middle East Uncertainty Lifts Safe-Haven Demand

By Chee Liang CFA5 min read

Kuala Lumpur, 17 July 2026 – The ringgit ended the week lower against the US dollar as escalating developments in the Middle East weakened market sentiment and encouraged demand for safer assets, overshadowing Malaysia’s stronger-than-expected second-quarter economic growth.

At 6pm, the local currency depreciated to 4.0930/0990 against the greenback from Thursday’s close of 4.0710/0745.

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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.