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Monday, 2 November 2026

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Ringgit Ends Lower as US Jobs Outlook Supports Dollar

The ringgit ended lower against the US dollar as traders weighed employment forecasts, while the central bank’s reference rate provided a separate daily benchmark.

By TLA AI Editor3 min read

Kuala Lumpur, Malaysia, 2 November 2026 – The ringgit ended lower against the US dollar on Monday, with the 6pm market quote at RM4.0695/4.0735, compared with RM4.0555/4.0600 at Friday’s close. Bank Negara Malaysia’s separate Kuala Lumpur reference rate for 2 November was 4.0671, confirming a weaker official benchmark than the previous session.

The move matters to Malaysian importers, exporters and investors because a weaker ringgit changes the local-currency cost of dollar-priced goods, debt and overseas earnings. The confirmed figures are the day’s quoted market levels and the central bank reference rate; stronger US payroll expectations were a market explanation, not a result already recorded. One session alone does not establish a lasting currency trend.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.