Currency Likely to Stay in 4.13–4.16 Band with Positive Bias

Ringgit Likely to Trade Between 4.13–4.16 with Slight Upward Bias Next Week

By IFCCI News Desk

The Malaysian ringgit is expected to trade within the range of 4.13 to 4.16 against the U.S. dollar next week, with analysts projecting a slight upward bias supported by a softer greenback and improving regional risk sentiment.

Currency strategists noted that the ringgit has shown signs of stabilisation following weeks of narrow-range trading, buoyed by expectations of steady global commodity prices and easing U.S. Treasury yields.

Analysts Expect Mild Appreciation

Market analysts believe the ringgit may benefit from moderating U.S. dollar strength, especially as investors reassess the Federal Reserve’s rate trajectory heading into early 2026.

“Fundamentals remain supportive for the MYR,” one FX strategist said, pointing to steady foreign inflows and improved domestic macroeconomic indicators. “While volatility may persist, the broader bias tilts slightly toward appreciation.”

Regional Currencies Provide Additional Support

A firmer performance across Asian currencies—particularly the yuan and Singapore dollar—could further aid the ringgit’s stability. Improving risk appetite in emerging markets has also contributed to renewed interest in regional assets.

However, analysts cautioned that external factors such as geopolitical risk, oil price fluctuations, and global economic data could still introduce short-term volatility.

Market to Watch U.S. Economic Releases

Investors will closely monitor upcoming U.S. macroeconomic indicators, including GDP revisions and inflation data, which may influence the dollar’s direction. Any signs of weakening economic momentum in the U.S. could further relieve pressure on the ringgit.

Despite near-term uncertainties, economists maintain that Malaysia’s currency remains fundamentally anchored, supported by resilient domestic demand and steady central bank policy guidance.