The Malaysian ringgit is anticipated to maintain a stable position against the US dollar in the coming week, with forecasts pointing to a trading range between RM4.21 and RM4.23. This outlook is influenced by consistent demand for the local currency and the release of significant economic indicators from the United States. According to Bank Muamalat Malaysia Bhd’s chief economist, Dr Mohd Afzanizam Abdul Rashid, upcoming US labour market reports will be a primary focus for investors.
Key data points such as job openings, ADP employment figures, and nonfarm payrolls are expected to provide insights into the health of the US economy. Dr Mohd Afzanizam noted that recent weekly jobless claims suggest continued resilience in the American labour market. Additionally, the presentation of Malaysia’s Budget 2026 in October is expected to draw attention for its potential impact on fiscal policy and economic direction.
Despite a slight weekly decline against the US dollar, closing at 4.2200/2250 compared to the previous 4.2040/2115, the ringgit demonstrated strength against other major global currencies. It appreciated against the Japanese yen, the euro, and the British pound, reflecting broader positive momentum. This performance indicates a selective but favourable trend in international currency markets.
The ringgit also posted gains against several regional currencies, including the Singapore dollar, Philippine peso, Indonesian rupiah, and Thai baht. These movements highlight its relative stability and appeal within the Asian financial landscape. Overall, while short-term fluctuations may occur, the currency’s medium-term outlook appears supported by both domestic policy expectations and external economic factors.