# Ringgit Opens Higher Ahead Of BNM's Expected OPR Hike

> The ringgit opened higher against the US dollar on November 5 at 4.0585/0660, ahead of an expected 25 basis point hike by Bank Negara Malaysia. Improved risk appetite after the US midterm elections also supported the currency.

- Date: 2026-11-05 · published 2026-11-05T03:10:23.011Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/81036-ringgit-opens-higher-ahead-of-bnm-s-expected-opr-hike
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger ringgit raises the cost of ringgit-priced palm oil for foreign buyers, a mildly bearish factor for palm oil and feed ingredient prices.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-03-30 | [Ringgit opens easier against US Dollar](https://feedsoft.ai/events/48387-ringgit-opens-easier-against-us-dollar.md) | -4.0% | -0.7% |
| 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 | 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 | 2018-09-28 | [Ringgit, KLCI down after US interest-rate hike](https://feedsoft.ai/events/63304-ringgit-klci-down-after-us-interest-rate-hike.md) | +0.3% | -0.9% |
| 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% |
| BRENT | 2026-05-29 | [Ringgit opens higher against US$ in improved sentiment \| The Star](https://feedsoft.ai/events/19534-ringgit-opens-higher-against-us-in-improved-sentiment-the-star.md) | +4.9% | -15.5% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2018-11-23 | [Ringgit opens slightly lower againts USD: 23 Nov](https://feedsoft.ai/events/62310-ringgit-opens-slightly-lower-againts-usd-23-nov.md) | -5.4% | -14.0% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2026/11/05/ringgit-opens-higher-ahead-of-bnms-expected-opr-hike/
- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/11/05/ringgit-opens-higher-ahead-of-expected-opr-hike

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