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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

    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.