The ringgit remained stable against the US dollar early this week, supported by the stronger-than-expected fourth-quarter 2025 Gross Domestic Product (GDP) estimate.
At 10:11 am, the ringgit opened at 4.0550, strengthening by 0.00% against the US dollar since opening early Monday in Asian trading.
The 5.7% GDP growth in the fourth quarter of 2025 indicates continued resilience in the Malaysian economy.
Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid explained that the US Dollar Index (DXY) is showing a positive trend and is rising against other major currencies.
He also noted that the recent proposal to hold a snap election in Japan risks weakening the yen due to rising market uncertainty.
Meanwhile, the stronger-than-expected GDP data shows that Malaysia's economic development remains resilient.
At the open, the ringgit traded mixed against other major currencies.
It declined against the euro to 4.7120/7236 from 4.7076/7134 last Friday, fell against the Japanese yen to 2.5728/5793 from 2.5637/5670, but rose against the British pound to 5.4328/4462 from 5.4332/4399.
The ringgit was also mixed against ASEAN currencies.
It depreciated against the Thai baht to 12.9525/9932 from 12.9115/9332 and plunged against the Singapore dollar to 3.1502/1585 from 3.1479/1521.
It also rose against the Indonesian rupiah to 240.0/240.7 from 240.1/240.5 and was little changed against the Philippine peso at 6.83/6.85 from 6.83/6.84 last week.
