News about ringgit

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.

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.