Kuala Lumpur, December 20, 2025 – The Europe Today: The Malaysian ringgit is expected to experience profit-taking next week, trading between RM4.07 and RM4.09 against the US dollar, after reaching a near six-year high on Thursday.
The local currency opened the week at the 4.09 level and strengthened before closing at 4.07 on Friday. At 6 pm yesterday, the ringgit rose to 4.0740/0785 against the greenback from 4.0840/0880 at Thursday’s close. The level was last observed on January 15, 2020, when the ringgit closed at 4.0740 to the US dollar.
Dr Mohd Afzanizam Abdul Rashid, chief economist at Bank Muamalat Malaysia Bhd, noted that technical indicators suggest the ringgit has entered overbought territory, which could trigger profit-taking activity.
“Next week, market attention will shift to the US gross domestic product (GDP) for the third quarter of 2025, expected on December 23,” he told the media.
Earlier this week, the ringgit’s movement was influenced by key US economic data, including non-farm payrolls and the Consumer Price Index (CPI), which are expected to provide clearer guidance on the US monetary policy outlook. US non-farm payrolls rose by 64,000 in November following a contraction in October, while the unemployment rate increased to 4.6% amid higher labour force participation, moderating wage growth, and slower retail sales.
Market analysts expect these developments to influence currency sentiment and trading patterns in the coming week.
