Ringgit Steady Against US Dollar Ahead of Bank Negara Malaysia Policy Decision

Kuala Lumpur, 5 May 2026 – The ringgit opened almost unchanged against the US dollar on Tuesday as investors adopted a cautious stance ahead of Bank Negara Malaysia’s upcoming Monetary Policy Committee decision, with renewed Middle East tensions and higher oil prices adding another layer of uncertainty to regional currency markets.

At 8am, the ringgit traded at 3.9540/9590 against the US dollar, compared with 3.9540/9575 at Monday’s close. The near-flat opening reflected a wait-and-see market mood as traders assessed whether Bank Negara Malaysia would maintain its policy stance at the next Monetary Policy Committee meeting scheduled for 7 May 2026.