KUALA LUMPUR – The Malaysian ringgit rose to the strongest level in more than seven years, buoyed by optimism over the country’s ties to the artificial intelligence supply chain and the nation’s growth outlook.

The currency appreciated as much as 0.8 per cent to 3.9750 per US dollar on Jan 26, the strongest since June 2018. Gama Asset Management sees the ringgit rising to 3.9 per US dollar this quarter.