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Ringgit Opens Higher Ahead of BNM’s OPR Decision as Dollar Sentiment Softens

By Chee Liang CFA3 min read

Kuala Lumpur, 4 May 2026 – The ringgit opened higher against the US dollar on Monday as investors turned their attention to Bank Negara Malaysia’s upcoming Overnight Policy Rate decision, with markets largely expecting the central bank to maintain policy stability amid cautious global conditions.

At 8 am, the local note strengthened to 3.9590/9725 against the greenback, compared with Friday’s close of 3.9650/9700. The firmer opening reflected modest support for the ringgit as traders positioned ahead of the central bank’s Monetary Policy Committee meeting, while also monitoring external developments including the US-Iran conflict and United States employment data.

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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.