# US Midterm Results Could Support Ringgit, Malaysian Bonds, Kenanga Opines

> Kenanga Research says a Democratic win in both chambers of the US Congress could give near-term support to the Malaysian ringgit and government bonds. The 10-year US Treasury yield fell about seven basis points to 4.89% and the Dollar Index weakened 0.4% to 101.5 after the results. The firm expects divided government to constrain Trump's legislative agenda, though US fiscal concerns and a debt ceiling standoff could limit gains.

- Date: 2026-11-05 · published 2026-11-05T06:09:09.970Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/81175-us-midterm-results-could-support-ringgit-malaysian-bonds-kenanga-opines
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and softer US yields push USD/MYR lower, which can support Malaysian asset prices. For feed buyers the effect on commodity prices is indirect and modest.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-31 | [Ringgit Gains on US Data Miss, but Fed Hike Bets Keep Dollar Supported](https://feedsoft.ai/events/18623-ringgit-gains-on-us-data-miss-but-fed-hike-bets-keep-dollar-supported.md) | -0.1% | -1.1% |
| DXY | 2025-08-28 | [Ringgit rebounds after two-day slide on Fed rate cut bets and key US data in focus \| Malay Mail](https://feedsoft.ai/events/23582-ringgit-rebounds-after-two-day-slide-on-fed-rate-cut-bets-and-key-us-data-in.md) | +0.0% | -0.2% |
| DXY | 2025-06-29 | [Stronger ringgit, Fed shift could draw capital to Malaysia \| The Star](https://feedsoft.ai/events/24470-stronger-ringgit-fed-shift-could-draw-capital-to-malaysia-the-star.md) | -0.0% | +0.8% |
| DXY | 2026-01-28 | [Malaysian Ringgit's Strength Shows How Weak USD Can Boost Asia FX \| MarketScreener](https://feedsoft.ai/events/21326-malaysian-ringgit-s-strength-shows-how-weak-usd-can-boost-asia-fx-marketscreener.md) | +0.4% | +0.3% |
| DXY | 2020-11-09 | [Ringgit surges against US dollar at close \| Malay Mail](https://feedsoft.ai/events/50409-ringgit-surges-against-us-dollar-at-close-malay-mail.md) | -0.1% | -1.7% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2026/11/05/us-midterm-results-could-support-ringgit-malaysian-bonds-kenanga-opines/

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