Malaysian Ringgit Hits Highest Since 2018 on AI, Growth Optimism

The Malaysian ringgit strengthened to the highest level since 2018, buoyed by optimism over the country’s ties to the artificial intelligence supply chain and the nation’s growth outlook.

The currency appreciated to as high as 3.970 per dollar on Monday, the strongest since June 2018.

Malaysia’s is expected to continue this year, supported by resilient domestic demand and likely strong . Rapid expansion of the data-center sector is also opening new opportunities and drawing in investments.