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THE ringgit opened stronger against the US dollar on Thursday, benefiting from continued weakness in the greenback as the US Dollar Index remained below the 100-point threshold.
At 8am, the local currency advanced to 4.1255/1395 against the dollar, compared with Wednesday’s close of 4.1360/1385.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said sentiment towards the greenback had softened amid heightening expectations that the US Federal Reserve will cut the Federal Funds Rate in December.
“Talk of the next US Federal Reserve chairman in 2026 also seems to support the US rate-cut narrative. As such, expect the ringgit to oscillate around RM4.12 to RM4.13 today,” he told Bernama.
At the opening bell, the ringgit posted a mixed performance against major currencies.
It climbed against the Japanese yen to 2.6405/6496 from 2.6438/6456 but eased against the British pound to 5.4638/4824 from 5.4492/4525 and slipped marginally against the euro to 4.7864/8026 from 4.7862/7891.
The currency was broadly firmer across ASEAN units. It strengthened against the Singapore dollar to 3.1823/1933 from 3.1847/1869 and rose against the Thai baht to 12.8022/8556 from 12.8308/8433. It also appreciated against the Indonesian rupiah to 247.5/248.5 from 248.2/248.4 and improved vis-à-vis the Philippine peso to 7.01/7.03 from 7.02/7.03. - November 27, 2025
