The Malaysian ringgit is set to extend its recent gains as strong domestic spending and the government’s fiscal prudence cushion the blow from US tariffs, finance minister II Amir Hamzah Azizan said. The currency may strengthen to “just below” RM4 versus the dollar in 12 months, Amir said in an interview with Bloomberg Television’s Haslinda Amin on Sunday. That would represent a more than 5% gain that takes the currency to its strongest closing level since 2018.
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