Wednesday, November 11, 2026

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FxWirePro: USD/MYR slumps below 4.30, strong Malaysia's exports data boosts ringgit

Malaysia's ringgit spiked more than 2 percent on Wednesday as August exports came in stronger than expected Malaysia's exports in August rose 4.1 percent from a year earlier, beating a forecast of 2.0 percent growth Trad…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

  • Malaysia's ringgit spiked more than 2 percent on Wednesday as August exports came in stronger than expected 

  • Malaysia's exports in August rose 4.1 percent from a year earlier, beating a forecast of 2.0 percent growth
  • Trade balance surged to 10.19bln, beating consensus for 4.70bln rise and compared to a 2.38bln in the previous month

  • A rebound in global crude prices eased concerns over the country's overseas earnings from oil and gas sales, further supporting the ringgit

  • USD/MYR slipped through 4.30 support to hit 4.2483 low so far, momentum is bearish and risks could unwind towards  4.20 next

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By FxWirePro Team