Local currency opened stronger against greenback amid holiday-shortened trading week

Economist foresees local note's potential return to 3.82 vis-à-vis greenback

Local note touches 4.04 against dollar, highest level in nearly five years

It has now hit a five-year peak following a drop in US consumer confidence

Local note closes at 4.0615 as greenback dips on expectations of interest rate cut

The local currency gains in early trade as the greenback slips during the holiday-shortened week

Local note on track to strengthen further in 2026, says economists

Possible American monetary easing also contribing to higher local note, says analyst

Local currency expected to hover between 4.07 and 4.09 against the greenback

Markets now bet on narrower Fed–Malaysia rate gap

Local note may test breach of RM4.08 level as lower US federal fund rate in 2026 is plausible, says analyst

This comes as US Fed officials say they are in no rush to reduce rates

Gains supported by clearer policy direction following the cabinet reshuffle, softer US dollar

Rising confidence and softer US dollar fuel fresh demand for the local unit

Analyst expects narrow trading range as investors await US inflation and jobs data

Local note at the highest since April 2021

This comes after Fed delivers expected rate cut and amid weakening US labour indicators

Local note reaches highest level on record since Oct 5, 2021

Traders concerned if US Fed will make more cuts amid import tariff hike's impact next year, says analyst

Local note however gains against other major currencies on Fed cut expectations