At 6pm, the local currency was quoted at 4.2125/4.2155 against the greenback, slightly firmer than yesterday’s 4.2135/4.2180.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the USD/MYR pair remained in a narrow range, hovering around RM4.21.

He noted that the US Dollar Index (DXY) stayed elevated, supporting a stronger greenback amid ongoing political uncertainties in advanced economies.

“The upcoming Budget 2026 is likely to provide near-term support for the ringgit,” he told Bernama.

At the close, the ringgit was mostly higher against a basket of major currencies. It rose against the euro to 4.9135/4.9170 from 4.9155/4.9207 and strengthened versus the Japanese yen to 2.7938/2.7960 from 2.8019/2.8051, but eased against the British pound to 5.6620/5.6661 from 5.6608/5.6669.

The local currency traded mostly weaker against Asean currencies.

It inched up against the Thai baht to 12.9532/12.9688 from 12.9810/13.0009 yesterday.

It slipped versus the Singapore dollar to 3.2587/3.2613 from 3.2562/3.2599, fell against the Philippine peso to 7.25/7.26 from 7.22/7.23, and declined versus the Indonesian rupiah to 254.3/254.6 from 254.0/254.4.