Malaysian Ringgit Set for Best Streak of Gains in 17 Months
The ringgit rose as much as 0.5% to 4.6630 per dollar on Friday.
Photographer: Samsul Said/Bloomberg
By
Matthew Burgess and
Khushi Malhotra
July 12, 2024 at 12:23 PM GMT+8
Malaysia’s ringgit is set to notch its longest streak of gains in more than 17 months as traders bet the nation’s interest-rate gap with the US will narrow.
The ringgit rose as much as 0.5% to 4.6630 per dollar on Friday, set for a seventh day of gains, which would be its longest winning streak since January 2023. It is now at the highest since January this