THE ringgit is expected to sustain its upward momentum next week, with the Bank Negara Malaysia Monetary Policy Committee’s (MPC) decision on the overnight policy rate (OPR) on 6 November anticipated to be the main market focus.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is projected to trade within the range of 4.18 to 4.20 against the US dollar in the coming week.
“The decision will shed more light on how Bank Negara views the economy and how this could shape its monetary policy stance going forward,” he said.
“We are pencilling in for the OPR to be maintained at 2.75 per cent, as the Malaysian economy remains resilient in light of the recent advance GDP estimate for the third quarter of 2025, which came in at 5.2 per cent,” he told Bernama.
On a weekly basis, the ringgit strengthened slightly against the greenback, closing at 4.1860/1930 compared with 4.2210/2255 the previous week.
The local note also traded higher against a basket of major currencies, appreciating against the Japanese yen to 2.7162/7210 from 2.7592/7623, gaining against the British pound at 5.5025/5117 from 5.6232/6292, and strengthening versus the euro to 4.8453/8534 from 4.9010/9062.
Among ASEAN currencies, the ringgit advanced against the Singapore dollar to 3.2185/2241 from 3.2484/2521, firmed against the Indonesian rupiah at 251.7/252.2 from 254.2/254.6, and improved against the Philippine peso to 7.12/7.14 from 7.20/7.21. However, it eased slightly against the Thai baht to 12.9429/9702 from 12.8768/8952 previously. - November 3, 2025
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