KUALA LUMPUR: The ringgit rose by 0.25% against the US dollar, strengthening for the third consecutive day yesterday, supported by encouraging domestic economic indicators.
At 6pm, the local currency rose to 3.9110/9170 versus the greenback, improving from Tuesday’s close of 3.9220/9260.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the construction sector expanded by 10.3% in the fourth quarter of 2025 (4Q25), maintaining its double-digit growth pace for the eighth consecutive quarter.
Meanwhile, the unemployment rate remained at 2.9% for the second consecutive month in December.
“The immediate support level is currently located at RM3.87. Should the positive momentum continue, the dollar-ringgit could attempt to break RM3.90 in the near term,” he told Bernama.
