Kuala lumpur:<Text>

The ringgit continued its momentum to trade at 3.9665 against the US dollar after the lunch break today, marking a fresh high since May 22, 2018, when it last stood at 3.9655.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd's chief economist Dr. Mohd Afzanizam Abdul Rashid highlighted the local currency's upside potential, noting that the long-term average from July 21, 2005, to today is around 3.82 to the US dollar.

Dr. Mohd Afzanizam further explained that this upward trend is supported by a positive outlook on Malaysia's economy, particularly following Bank Negara Malaysia's (BNM) recent Monetary Policy Committee meeting.