Finance Minister Amir Hamzah Azizan told reporters that the ringgit still holds upside, citing that growth remains intact. Speaking alongside Avril Hong at the Malaysia Economic Forum, he stressed confidence in the currency’s fundamentals amid a volatile regional backdrop as investors weigh upcoming policy shifts and trade dynamics and expectations.

Malaysia’s economy has weathered a slowdown in global demand, yet inflation remains near the 3% target. The minister’s remarks aim to reassure foreign investors that the ringgit will not face a sharp devaluation. Market watchers note that currency stability can boost export competitiveness and attract capital inflows, and growth.

Investors will monitor the Bank of Malaysia’s upcoming policy meeting for clues on interest rates. A dovish stance could support the ringgit, while a hawkish shift might tighten the currency. Analysts also track the forthcoming fiscal report, which will reveal spending plans that could influence the exchange rate trajectory ahead.