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The ringgit opened higher against the US dollar at 4.0550/0635, versus 4.0555/0600 at Friday's close. Economist Mohd Afzanizam Abdul Rashid expects Bank Negara to raise the OPR by 25 basis points at Thursday's MPC meeting, while market consensus sees no change from 2.75%.
He also said currency markets would stay cautious ahead of the US midterm elections.
Expected rate normalisation supports the ringgit, which lowers the local-currency cost of dollar-priced feed imports. The effect on commodity prices is limited because the move is an expectation ahead of a decision.
malaymail.comNov 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.
