The ringgit opened higher against the US dollar and most major currencies on Thursday as the greenback stayed under pressure ahead of next week's FOMC meeting. At 8 am it traded at 4.0780/0835 per dollar, versus 4.0790/0825 at Wednesday's close. Analyst Mohd Afzanizam Abdul Rashid of Bank Muamalat Malaysia said sentiment remains cautious as investors watch inflation, while Brent hovered around US$108 after an attack on a Saudi oil field. He expects the ringgit to trade within a range today, and it gained against the yen and pound but edged lower against the euro.
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ringgitexchange ratesUS dollarFedoil prices
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Related tickers and likely impact
DXY
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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The ringgit opened mostly higher against major currencies on Tuesday despite a firmer US dollar, supported by easing domestic inflation and expectations of a possible normalisation of the Overnight Policy Rate (OPR). Against the greenback, it strengthened to 4.0780/0850 at 8 am from Monday’s close of 4.0805/0845, while the US Dollar Index rose 0.15% to 101.989 points. The Department of Statistics Malaysia reported that inflation eased to 1.8% in September 2026 from 1.9% in August. Investors also monitored geopolitical risks in West Asia after Iran’s navy reported a US military attack on the Konarak naval base, and a Bank Muamalat economist expected the ringgit to trade between RM4.07 and RM4.08 against the US dollar that day. The ringgit also gained against the yen, pound and most ASEAN peers, but edged lower against the euro.
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The ringgit opened higher against the US dollar at 4.0780/4.0850, compared with 4.0805/4.0845 at the previous close, after the Department of Statistics Malaysia (DOSM) reported inflation eased to 1.8% in September 2026 from 1.9% in August. Bank Muamalat economist Afzanizam Rashid expects the ringgit to trade between RM4.07 and RM4.08 today, while investors watch Middle East risks after Iran's navy reported a US military attack on the Konarak naval base. The US Dollar Index rose 0.15% to 101.989 points, and Fed officials are in a blackout period ahead of next week's FOMC meeting. The ringgit strengthened against the yen, pound and most Asean peers, but edged lower against the euro to 4.5731/4.5809.
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