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Saturday, 7 November 2026

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Ringgit Closes Weaker Against US Dollar as Technology Shares Slide

The ringgit weakened against the US dollar as technology shares fell, but gains against the euro and Singapore dollar showed a different picture for businesses with mixed currency exposure.

By TLA AI Editor4 min read

Kuala Lumpur, 6 November 2026 – The Malaysian ringgit closed weaker against the US dollar on Friday as a sell-off in technology shares lifted demand for the US currency. At 6pm Malaysia time, the ringgit was quoted at RM4.0565–RM4.0610 per US dollar, against RM4.0445–RM4.0490 at Thursday’s close. The move came a day after Bank Negara Malaysia held its overnight policy rate at 2.75%.

The ringgit’s losses against the dollar did not extend across the currency market: it gained against the euro, sterling and the Singapore dollar. For Malaysian businesses, that split matters more than a simple call on ringgit strength. A company paying a US-dollar invoice faced a less favourable exchange rate at Friday’s close, while one paying a supplier in euros or Singapore dollars saw the opposite move, before hedges and transaction costs.

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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.