Malaysia’s ringgit is seen gaining support as higher oil prices and strength linked to artificial-intelligence-driven demand provide tailwinds, according to market strategists. The outlook points to potential appreciation against the U.S. dollar later in the year, with the currency benefiting from improved external conditions.
In recent performance, one report notes the ringgit falls about 1.2% in September and trails other Asian peers. Despite that weaker month, strategists cited in the coverage expect the currency to recover, targeting a rate around 4.03 per dollar by year-end. Across outlets, the emphasis is on the same set of drivers—oil price dynamics and AI-related demand—while the differing focus is primarily on recent direction versus future expectations rather than on conflicting causes.
Overall, both sources align on the expected direction (ringgit recovery) and on the two main factors cited as supporting it, while one adds a specific reference point to recent underperformance.
