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The ringgit opened slightly higher against the US dollar at 4.0550/0635 from Friday's close of 4.0555/0600. Traders expected a possible overnight policy rate increase at Bank Negara Malaysia's MPC meeting on Thursday, though market consensus was for the rate to stay at 2.75%.
Malaysian GDP grew 5.2% in 2025 and 5.5% in the first nine months of 2026.
A firmer ringgit lowers the ringgit cost of USD-priced feed and soymeal imports for Malaysian buyers. Expectations of tighter policy support the currency but are not expected to shift regional palm oil or feed prices much.
themalaysianreserve.comDayang NorazharNov 2, 2026
freemalaysiatoday.comBernamaNov 2, 2026
thestar.com.myThe Star OnlineNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
