Currency / Forex news in Malaysia
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Dollar hits two-week high as oil prices jump on Middle East conflict
The US dollar rose to a two-week high as Middle East conflict pushed oil prices up and investors moved to safe havens. Brent crude rose 3% to US$108 a barrel after Houthi strikes on Saudi Arabia, while markets priced in a roughly 90% chance of a Federal Reserve rate hike on Wednesday.
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Ringgit closing rates against major currencies on Sept 14
Bank Negara Malaysia released the closing foreign exchange rates recorded at 5pm on Sept 14, 2026. The table lists buying and selling rates for the US dollar, Singapore dollar, euro, yen and other major currencies against the ringgit.
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BRICS summit adopts New Delhi Declaration with Malaysia as partner country
The 18th BRICS Summit in New Delhi ended with the unanimous adoption of a 45-page declaration covering 140 paragraphs. As a BRICS partner country, Malaysia gains multilateral backing on cross-border scam crackdowns, local currency settlement to cut foreign exchange exposure, and protection for Malaysian peacekeepers abroad.
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Dollar firms, yen near seven-month high ahead of Fed and BOJ meetings
The US dollar strengthened on Monday while the yen hovered near a seven-month high, as investors weighed likely rate hikes from the Federal Reserve and Bank of Japan this week. Brent crude rose nearly three per cent to above US$107 a barrel after Houthi strikes on Saudi Arabia and attacks on ships in the Gulf compounded supply worries.
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OCBC sees Singdollar holding firm against USD before Fed meeting
OCBC expects the Singapore dollar to stay resilient against the US dollar in the near term, even as US Treasury yields rise and expectations of a Federal Reserve rate hike build. The bank sees USD/SGD trading in both directions ahead of the FOMC meeting, with resistance at 1.2680 and support at 1.2630, and maintains a range-bound outlook.
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Speculators net long on yen for first time since February
Currency futures data showed speculators turned net long on the yen in the week to September 8, the first such reading since February. The shift follows expectations of faster Bank of Japan rate hikes and possible repatriation of assets by Japanese investors. The yen had earlier slid to a four-decade low of 163.99 per dollar in July before a joint market intervention by Tokyo and Washington.
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Ringgit expected to trade between RM4.06 and RM4.08 against US dollar next week
The ringgit is expected to trade in a tight range of RM4.06 to RM4.08 against the US dollar next week, according to Bank Muamalat chief economist Dr Mohd Afzanizam Abdul Rashid. He said investors are cautious ahead of monetary policy meetings by the US Federal Reserve and the Bank of Japan, with both central banks expected to raise rates by 25 basis points. The ringgit weakened against a basket of major and Asean currencies over the past week.
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Kenanga: Ringgit Could Recover to 4.04-4.06 If Fed Holds Rates
Kenanga Research expects the ringgit to recover to the RM4.04-RM4.06 per US dollar range if the US Federal Reserve keeps interest rates unchanged next week. The ringgit closed at RM4.065 on Thursday, weaker than RM4.045 a week earlier, despite Malaysia recording record bond inflows of RM15.9 billion in August.
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Ringgit closes higher against most major currencies, weaker against US dollar
The ringgit closed higher against most major currencies on Friday but fell to 4.0685/0725 against the US dollar. Rising Brent crude prices and expectations of a US Federal Reserve rate hike shaped market sentiment. The ringgit also strengthened against the euro, yen, pound and most ASEAN currencies.
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Indian rupee falls to 95.79 against US dollar as crude oil prices surge
The Indian rupee weakened to 95.79 against the US dollar on Friday as crude oil prices rose. Fears of shipping disruption in the Strait of Hormuz and Bab el-Mandeb pushed Brent crude to US$108.62 a barrel. India's central bank is selling dollars to slow the fall.
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Ringgit exchange rates against major currencies at 5pm on Sept 11
Bank Negara Malaysia released the closing foreign exchange rates recorded at 5pm on Sept 11, 2026. The table lists buying and selling rates for major currencies against the ringgit, including the US dollar, Singapore dollar, euro and yen.
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Dollar firm, yen slips as Middle East energy fears lift oil past US$100
The US dollar held near a one-week high and the yen weakened for a second day in Asian trading on Friday as renewed Middle East energy supply fears pushed oil and bond yields higher. Brent crude rose 1.2% to US$108.96 a barrel after Houthis seized Yemen's port city of Mocha, while markets await US CPI data before next week's Federal Reserve meeting.
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Ringgit opens at 4.0680/0745 against US dollar, weighed by US producer price data
The ringgit opened slightly lower against the US dollar on Friday at 4.0680/0745, down from Thursday's close of 4.0630/0670. A Bank Muamalat Malaysia chief economist attributed the move to stronger-than-expected US producer price index data for August, which rose 5.4 per cent year-on-year.
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Dollar rises, euro slips after ECB raises rates
The dollar rose against major currencies on Thursday while the euro fell after the European Central Bank raised interest rates for the second time this year. The ECB acted to curb an energy-driven inflation spike linked to the Iran war. The dollar index climbed 0.34% to 99.12, on track to end three sessions of losses.
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Ringgit closes higher against the US dollar on Thursday
The ringgit closed higher against the US dollar on Thursday, rising to 4.0630/0670 from 4.0670/0720 at Wednesday's close. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit performed well even as Brent crude rose and investors awaited Friday's US CPI data. The local currency also strengthened against the euro, yen and most ASEAN currencies.
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Dollar edges up ahead of ECB decision and US inflation data
The US dollar rose slightly on Thursday, recovering some of this week's losses driven by higher oil prices and global bond yields. The euro held near two-week highs before an expected European Central Bank rate increase. Oil futures climbed as much as 1.5% to US$102.72 a barrel after attacks on shipping in the Gulf.
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Oil above US$100 lifts global yields; ringgit and fuel prices in focus
Currency markets were subdued on Thursday as Brent crude held above US$100 a barrel and global bond yields climbed, with the yen pausing after a strong rally. The European Central Bank and Bank of Japan are expected to tighten policy, while US inflation data this week will shape the Federal Reserve's next move. Higher oil and borrowing costs feed through to Malaysian fuel prices and the ringgit.
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Ringgit opens unchanged at 4.0670/0720 against the US dollar
The ringgit opened unchanged at 4.0670/0720 against the US dollar on Thursday as investors waited for Friday's US CPI data. Bank Muamalat chief economist Mohd Afzanizam Abdul Rashid expects the dollar-ringgit pair to trade between RM4.05 and RM4.07 today. The ringgit fell against the yen, euro, pound and Singapore dollar, but rose against the Thai baht.
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Ringgit closes lower against US dollar on West Asian conflict concerns
The Malaysian ringgit closed lower against the US dollar on Wednesday, weakening to 4.0670/0720 from 4.0605/0640 the previous day. An economist attributed the decline to cautious market sentiment amid the ongoing US-Israel-Iran conflict, which has pushed Brent crude oil prices above $100 per barrel and raised concerns about higher inflation and tighter monetary policy.
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Rupiah hits 4-month high on weak dollar, ringgit hovers near recent low
Indonesia's rupiah strengthened to a near four-month high against a weaker US dollar, supported by improved investment inflows. In the same regional currency movement, Malaysia's ringgit weakened to 4.0680 per dollar, hovering near its lowest level since mid-August.
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Ringgit hits 10-month low against Singapore dollar on stock outflows
The Malaysian ringgit fell to its lowest level since November against the Singapore dollar, pressured by continued foreign stock outflows. The Singapore dollar was supported by its central bank's hawkish policy stance, while fiscal concerns in Malaysia added to investor caution.
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Yen hits near seven-month high as oil surge pressures dollar
The Japanese yen strengthened to 153.65 per US dollar, near a seven-month high, as escalating Middle East conflict pushed oil prices towards US$100 per barrel. The dollar weakened against major currencies ahead of a key US inflation report. Traders expect the Bank of Japan to raise rates at its upcoming meeting.
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Ringgit opens higher against US dollar as greenback weakens
The Malaysian ringgit opened higher against the US dollar on Wednesday, trading at 4.0560/0635, as the greenback weakened. Market analysts are weighing the prospects of interest rate hikes by the US Federal Reserve and the Bank of Japan, which are influencing currency movements.
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Bank Negara ringgit rates for Sept 8: US dollar at 4.0605 buying
Bank Negara Malaysia published the closing foreign exchange rates for Sept 8, 2026, at 5pm. The US dollar was quoted at 4.0605 buying and 4.066 selling against the Malaysian ringgit. The rates cover major global currencies including the euro, pound, yen and Singapore dollar.