# Ringgit expected to trade in narrow range vs greenback ahead of BNM's OPR decision

> The ringgit is expected to trade in a narrow range against the US dollar ahead of Bank Negara Malaysia's overnight policy rate decision on Nov 5. Analysts cite a possible OPR hike as support, while Middle East tensions could lift oil prices and US yields. The ringgit rose to 4.0555/0600 per dollar on a weekly basis.

- Date: 2026-11-01 · published 2026-11-01T06:11:19.873Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/4291-ringgit-expected-to-trade-in-narrow-range-vs-greenback-ahead-of-bnm-s-opr
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local-currency cost of dollar-priced imports such as feed ingredients, while a possible rate hike would support the currency. Oil-driven dollar strength is the main risk to that outlook.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- klsescreener.com: https://www.klsescreener.com/v2/news/view/1819483/ringgit-expected-to-trade-in-narrow-range-vs-greenback-ahead-of-bnm-039-s-opr-decision
- klsescreener.com: https://www.klsescreener.com/v2/news/view/1819563/ringgit-expected-to-trade-in-narrow-range-vs-greenback-ahead-of-bnm-s-opr-decision-next-week
- klsescreener.com: https://www.klsescreener.com/v2/news/view/1819563/Ringgit_expected_to_trade_in_narrow_range_vs_greenback_ahead_of_BNM_s_OPR_decision_next_week
- nst.com.my: https://www.nst.com.my/business/economy/2026/11/1568006/ringgit-expected-trade-narrow-range-vs-greenback-ahead-bnms-opr
- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/11/01/ringgit-expected-to-trade-in-narrow-range-vs-greenback-ahead-of-bnm039s-opr-decision-next-week

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