Economists opined that the current domestic and global conditions may hinder the ringgit from extending its gains but the target is feasible with effective policy execution by the government.

Government seeks to control costs

Oil prices clawed back some gains on Monday after hitting five-month lows in the previous session as investors hoped potential talks between the presidents of the US and China could ease trade tensions between the world’s two largest economies and oil consumers

The ringgit opened flat against the US dollar on Monday morning as investors remained biased towards the greenback, while positive local developments following Budget 2026 helped offset the pressure.

The ringgit opened higher against the US dollar on improved local market sentiment, supported by positive remarks from Bank Negara Malaysia (BNM) and expectations of a shift in US Federal Reserve policy, analysts said.

The US dollar recovered from a selloff in early trade on Monday as investors hoped Washington may temper its latest escalation of the trade war with Beijing, while political developments in France and Japan undermined the euro and the yen.

Exporters of rubber-based products in Sri Lanka should prepare themselves to comply with EUDR if they are to penetrate the EU markets in their future strategies

SINGAPORE: Japanese rubber futures rose for a third straight session on Friday and ended the week higher, underpinned by a rebound in raw material prices following heavy rainfall in major production areas.