# Ringgit advances against US$ after OPR maintained at 3% | The Star

> The ringgit opened higher after Bank Negara Malaysia kept its overnight policy rate at 3%, with the dollar index near 108.2. Analysts expected the central bank to hold rates through 2025 and said some profit-taking was likely after the currency's recent rise.

- Date: 2025-01-23 · published 2025-01-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/26774-ringgit-advances-against-us-after-opr-maintained-at-3-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expectations of stable Malaysian rates support the ringgit, which can ease the cost of ringgit-priced palm oil and related feed inputs.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2025/01/23/ringgit-advances-against-us-after-opr-maintained-at-3

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.