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Saturday, 7 November 2026
Markets

Ringgit Opens Higher Against Major Currencies, Eases Versus US Dollar

By Chee Liang CFA3 min read

Kuala Lumpur, 8 May 2026 – The ringgit opened mostly higher against major currencies on Thursday, supported by Malaysia’s steady economic outlook and recent policy stability, although it eased slightly against the US dollar amid cautious demand for the greenback.

The local note remained in focus after Bank Negara Malaysia kept the Overnight Policy Rate unchanged at 2.75%, reinforcing expectations that monetary policy will remain steady as inflation stays manageable and domestic growth remains resilient. The central bank said the current stance remains appropriate to support sustainable growth while preserving price stability.

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Author

  • Chee Liang CFA

    Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.