Kuala lumpur: The ringgit slipped against the US dollar at Monday’s close, reflecting renewed strength in the greenback amid lingering trade tensions between the United States and China. At 6 pm, the local note fell to 4.2265/2295 against the greenback from Friday’s close of 4.2200/2260.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that the US Dollar Index (DXY) rose 0.21 percent to 99.185 points, as concerns over US-China relations appeared to ease following President Donald Trump’s remarks over the weekend. Trump stated that the United States would impose a 100 percent tariff on imports from China, coupled with restrictions on tech exports, starting November 1, 2025, or sooner, depending on China’s response.

Mohd Afzanizam also highlighted that investors remained cautious about the state of trade and the ongoing US government shutdown, which has limited data visibility for the Federal Reserve ahead of its meeting at the end of the month. ‘Therefore, the US dollar-ringgit is oscillating within a narrow range of RM4.22 to RM4.23,’ he told Bernama.

Meanwhile, the ringgit weakened against a basket of major currencies. It fell against the euro to 4.9006/9041 from 4.8838/8907 at Friday’s close, edged lower versus the Japanese yen to 2.7775/7796 from 2.7618/7659, and dropped against the British pound to 5.6369/6409 from 5.6084/6164.

Against ASEAN currencies, the ringgit also closed lower. It depreciated versus the Thai baht to 12.9878/13.0030 from 12.8942/9184, narrowed against the Singapore dollar to 3.2562/2587 from 3.2494/2543, slid versus the Philippine peso to 7.26/7.26 from 7.24/7.26, and softened against the Indonesian rupiah to 255.0/255.3 from 254.6/255.1.