# Ringgit opens higher amid bets on Bank Negara rate increase | Malay Mail

> 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.

- Date: 2026-11-02 · published 2026-11-02T03:10:17.223Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/74700-ringgit-opens-higher-amid-bets-on-bank-negara-rate-increase-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/11/02/ringgit-opens-higher-amid-bets-on-bank-negara-rate-increase/241644

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