The Malaysian ringgit’s relentless rally is being driven by a range of structural factors beyond the dollar’s broad weakness, suggesting its gains will likely be sustained. The ringgit can "absolutely” sustain its outperformance in emerging Asia in the first half, he said. The latter two factors combined exerted far less influence on the Malaysian currency than on Thailand’s baht, the Singapore dollar and the Philippine peso, it shows. The US bank in a separate Jan. 23 report forecast the ringgit to rise to 3.85 per dollar over 12 months. A return of global funds to Malaysian stocks also augurs well for the ringgit.

Source: The Star January 29, 2026 21:20 UTC