In a notable shift in the forex market, the Malaysian ringgit has strengthened against the US dollar, fueled by diminished demand for the greenback. This surge comes amid ongoing concerns surrounding the US-China trade relations which have left investors feeling uneasy.

As of 6 PM, the ringgit was valued at 4.3695/3750 against the dollar, a significant improvement from the previous day’s close of 4.3880/3925. This change reflects a growing trend of currencies responding dynamically to geopolitical events.

The weakening of the dollar can partly be attributed to the stalled negotiations between the US and China, causing ripples in global markets. Investors are closely watching these developments, and the ringgit’s current performance illustrates how regional currencies are positioning themselves amid international trade uncertainties.

As the situation evolves, economic experts suggest that further fluctuations can be anticipated in the currency markets, highlighting the interconnectedness of global economies.