# Ringgit in right direction despite US trade war uncertainties: BNM governor | Scoop

> Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said the ringgit is moving in the right direction despite US trade war uncertainty. He cited strong fundamentals and a narrowing interest rate differential, and said the central bank aims to prevent excessive volatility rather than set currency targets.

- Date: 2025-02-17 · published 2025-02-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/26331-ringgit-in-right-direction-despite-us-trade-war-uncertainties-bnm-governor-scoop
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Official confidence and a narrowing rate gap support the ringgit, which lowers the local-currency cost of dollar-denominated feed imports over time.

## Read by commodity

- USDMYR: neutral

## Sources

- scoop.my: https://www.scoop.my/news/247602/ringgit-in-right-direction-despite-us-trade-war-uncertainties-bnm-governor/

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