Extending previous session's uptrend, the Malaysian ringgit touched a 4-day high of 3.1555 against its US counterpart on Friday morning in Asia. This was up almost 0.3 percent from Thursday's New York session closing value of 3.1645.
The Malaysian currency is likely to re-test last week's key resistance zone at 3.1470/75 against the US dollar and a move beyond that could set its strongest level in nearly 6-weeks.
Malaysia's KLSE Composite rose 0.06 percent to 1624.65 as Asian markets cheered on ECB President Mario Draghi's supportive comments on euro yesterday. Upbeat economic data from the U.S. overnight also helped an across the board rally in Asia-pacific equities.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.