THE ringgit opened marginally firmer against the US dollar on Tuesday, buoyed by signs of a more cautious stance from US Federal Reserve officials that weighed on the greenback.
Early trades saw the ringgit quoted at 4.1365/1470, slightly improved from Monday’s 4.1370/1420.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid suggested the local currency could sustain its positive momentum throughout the day. “The US dollar-ringgit pair would oscillate around RM4.13 to RM4.15,” he said.
Bank Muamalat has also revised its year-end forecast for the ringgit to RM4.10 from RM4.15, citing a narrowing interest rate differential between the US Federal Fund Rate and Malaysia’s Overnight Policy Rate (OPR), as well as improvements in the country’s fiscal position.
“The nine-month fiscal for this year was 3.3 per cent of gross domestic product versus 4.1 per cent in the same period last year,” Dr Mohd Afzanizam noted.
At the outset of trading, the ringgit strengthened against most major currencies. It rose against the Japanese yen to 2.6366/6434 from 2.6392/6426 and gained ground against the euro at 4.7652/7773, compared with 4.7700/7757 previously.
However, it retreated slightly against the British pound to 5.4209/4346 from 5.4153/4219.
Performance against regional peers was mixed.
The ringgit dipped against the Singapore dollar at 3.1697/1783 from 3.1689/1730 and fell versus the Thai baht to 12.7776/8184 from 12.7324/7525, while remaining steady against the Philippine peso at 7.02/7.04 and largely flat against the Indonesian rupiah at 247.7/248.4. - November 25, 2025
