# Ringgit opens higher as expected BNM rate hike, improved global sentiment lift local currency

> The ringgit opened higher against the US dollar at 4.0585/0660 on November 5, ahead of Bank Negara Malaysia's final policy meeting of 2026. Analysts expected a 25 basis point rate hike to normalise policy after strong growth. Improved global sentiment after the US midterm elections also supported the currency.

- Date: 2026-11-05 · published 2026-11-05T03:10:22.947Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/81035-ringgit-opens-higher-as-expected-bnm-rate-hike-improved-global-sentiment-lift
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A firmer ringgit makes ringgit-priced palm oil more expensive for overseas buyers, a mildly bearish factor for palm oil and feed inputs priced in ringgit. Rate hikes also tighten Malaysian financing conditions.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-06-28 | [Ringgit appreciates against US dollar on improved market sentiment \| Malay Mail](https://feedsoft.ai/events/41230-ringgit-appreciates-against-us-dollar-on-improved-market-sentiment-malay-mail.md) | -24.1% | -29.6% |
| PALMOIL | 2025-04-18 | [Ringgit eases on lower-than-expected Q1 GDP estimate \| FMT](https://feedsoft.ai/events/25389-ringgit-eases-on-lower-than-expected-q1-gdp-estimate-fmt.md) | +0.3% | -3.8% |
| PALMOIL | 2022-11-30 | [Ringgit ends higher against US dollar on positive China sentiment \| Malay Mail](https://feedsoft.ai/events/38930-ringgit-ends-higher-against-us-dollar-on-positive-china-sentiment-malay-mail.md) | +3.7% | -0.4% |
| PALMOIL | 2025-06-30 | [Ringgit closes higher against major currencies \| The Star](https://feedsoft.ai/events/24461-ringgit-closes-higher-against-major-currencies-the-star.md) | +2.5% | +5.5% |
| PALMOIL | 2020-07-21 | [Ringgit dibuka tinggi, sentimen risiko global kian baik - DestinaAsia](https://feedsoft.ai/events/52379-ringgit-dibuka-tinggi-sentimen-risiko-global-kian-baik-destinaasia.md) | +0.4% | +8.7% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/11/05/ringgit-opens-higher-as-expected-bnm-rate-hike-improved-global-sentiment-lift-local-currency/242028

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