# Ringgit hits 7-year high against US dollar; Anwar says rally shows confidence in Malaysia - CNA

> The ringgit traded at 3.9540 per US dollar, its strongest in over seven years, after reaching 3.9750 earlier in the day. Prime Minister Anwar Ibrahim said the currency's strengthening has had positive effects on the economy while noting concerns for exports and imports.

- Date: 2026-01-27 · published 2026-01-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/21325-ringgit-hits-7-year-high-against-us-dollar-anwar-says-rally-shows-confidence-in
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Continued ringgit appreciation raises the dollar-equivalent cost of Malaysian exports and could erode palm oil competitiveness against Indonesia.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/asia/malaysia-ringgit-rally-currency-us-dollar-anwar-ibrahim-5887731

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.