The ringgit started Tuesday on a stronger note against the US dollar, boosted by renewed buying interest and confidence that the government will maintain fiscal discipline in Budget 2026.
At 10am, the ringgit was at 4.2130, stable against the US dollar since it opened early Tuesday in the Asian session.
Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said investors were keeping a close eye on the Budget 2026 announcement scheduled for Friday, which was likely to drive market sentiment this week.
In that regard, the ringgit was likely to trade between RM4.21 and RM4.22 today.
Against other major currencies, the ringgit was traded mixed in the early session.
It weakened against the euro to 4.9295/9418 from 4.9155/9207 and depreciated against the British pound to 5.6768/6909 from 5.6608/6691. However, it strengthened slightly against the Japanese yen to 2.7996/8067 from 2.8019/8051.
The local note also appreciated against most ASEAN currencies.
It appreciated against the Thai baht to 12.9614/9994 from 12.9810/13.0009, rose against the Indonesian rupiah to 253.8/254.6 from 254.0/254.4, and rose against the Philippine peso to 7.21/7.24 from 7.22/7.23.
However, it edged lower against the Singapore dollar to 3.2603/2687 from 3.2562/2599 at Monday's close.
