KUALA LUMPUR, May 22 — The ringgit retreated against the US dollar on Friday, ending a three-day winning streak as investors focused on geopolitical tensions and the increasingly hawkish stance adopted by central banks globally.

At 6pm, the ringgit fell to 3.9655/9700 versus the greenback from 3.9595/9630 at Thursday’s close.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit was mostly in a narrow range with the US dollar today, languishing around RM3.9583 to RM3.9688.

“The ongoing negotiation between the United States and Iran are still the main focus while central banks across the globe seems to be taking a more hawkish stance,” he told Bernama.

The ringgit firmed against the US dollar for the past three days as market sentiment improved on the back of Malaysia’s trade performance, which rose 28.6 per cent year-on-year (y-o-y) to a record RM336.73 billion in April 2026.

The Ministry of Investment, Trade and Industry (MITI) earlier this week reported that the higher export figures were driven mainly by strong exports of electrical and electronic (E&E) products.

Malaysia’s trade maintained strong momentum in April 2026 with exports and imports reaching record highs despite heightened global uncertainties, including geopolitical tensions in West Asia that led to higher logistics costs, supply chain disruptions and commodity price volatility.

MITI also said exports extended their growth momentum for the 10th consecutive month, surging 36.9 per cent to a record RM182.74 billion, surpassing the previous high of RM152.77 billion recorded in December 2025 by RM30 billion, while imports rose 20 per cent to RM153.99 billion.

At the close, the ringgit traded mostly lower against a basket of major currencies.

It weakened versus the Japanese yen to 2.4925/4954 from 2.4906/4929 at Thursday’s close, slid against the British pound to 5.3245/3305 from 5.3220/3267 previously but gained against the euro to 4.6012/6064 from 4.6037/6078 yesterday.

At the same time, the local currency was mixed against regional peers.

It fell against the Singapore dollar to 3.0985/1023 from 3.0967/0997 at the close on Thursday, down against the Thai baht to 12.1421/1611 from 12.1304/1468 yesterday, but edged up against the Indonesian rupiah to 223.8/224.1 from 224.1/224.4 previously.

It was almost flat against the Philippine peso at 6.42/6.44 from 6.43/6.44. — Bernama

KUALA LUMPUR, May 20 — The ringgit firmed against the US dollar as market sentiment improved on the back of Malaysia’s trade performance, which rose 28.6 per cent year-on-year (y-o-y) to a record RM336.73 billion in April 2026.

At 6 pm, the ringgit edged up to 3.9675/9715 versus the greenback from 3.9745/9785 at Tuesday’s close.

The Ministry of Investment, Trade and Industry (MITI) earlier reported that the higher export figures were driven mainly by strong exports of electrical and electronic (E&E) products.

Malaysia’s trade maintained strong momentum in April 2026 with exports and imports reaching record highs despite heightened global uncertainties, including geopolitical tensions in West Asia that led to higher logistics costs, supply chain disruptions and commodity price volatility.

MITI also said exports extended their growth momentum for the 10th consecutive month, surging 36.9 per cent to a record RM182.74 billion, surpassing the previous high of RM152.77 billion recorded in December 2025 by RM30 billion, while imports rose 20 per cent to RM153.99 billion.

Meanwhile, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is firming against the US dollar as the situation in West Asia remained unresolved while geopolitical risks remained wobbly.

“The market is also concerned over the higher inflation rate globally following the blockade of the Strait of Hormuz and how the central bank would respond to cost-induced inflation. These have been the key factors driving market sentiments,” he added.

At the close, the ringgit traded higher against a basket of major currencies.

It strengthened versus the Japanese yen to 2.4942/4969 from 2.4980/5006 and appreciated against the euro to 4.5975/6022 from 4.6180/6226 at yesterday’s close and gained against the British pound to 5.3089/3143 from 5.3282/3336 previously.

At the same time, the local currency traded mixed against regional peers, rising against the Singapore dollar to 3.0969/1003 from 3.1022/1055 at Tuesday’s close and rose against the Thai baht to 12.1341/1516 from 12.1719/1898.

The local currency was flat against the Philippine peso at 6.43/6.44 versus 6.43/6.45 on Tuesday and weakened against the Indonesian rupiah to 224.7/225.0 from 224.4/224.8 yesterday. — Bernama