Ringgit Poised for Further Growth Amidst US Dollar Weakness and ASEAN Summit

Kuala Lumpur, Malaysia - May 25, 2025 - The Malaysian ringgit is poised for further growth next week, according to Stephen Inas, head of SPI Asset Management. He attributes this positive forecast to the weakening US dollar and increased foreign investment, factors amplified by the upcoming 46th ASEAN Summit in Kuala Lumpur. "The ringgit is expected to continue its strengthening momentum next week," Inas stated, noting the favorable external macroeconomic support. The summit, running from May 26th to 27th, is also anticipated to boost confidence and further strengthen the ringgit's position. This positive economic outlook contrasts with ongoing concerns about the US fiscal position, but the ringgit's performance indicates a resilient Malaysian economy.