Kuala lumpur: The ringgit is expected to maintain its positive momentum next week, with the upcoming Bank Negara Malaysia (BNM) Monetary Policy Committee’s decision on the overnight policy rate (OPR) likely to be the main highlight.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid stated that the ringgit is projected to trade between 4.18 and 4.20 against the US dollar next week. The decision from BNM will provide insights into the economic outlook and potential shifts in monetary policy. Dr. Mohd Afzanizam noted that the OPR is anticipated to remain at 2.75 percent, reflecting the resilience of the Malaysian economy, highlighted by a 5.2 percent growth in the third quarter of 2025.

On a weekly basis, the ringgit strengthened against the US dollar, closing slightly higher at 4.1860/1930 compared to 4.2210/2255 the previous week. The local currency also performed well against a basket of major currencies, appreciating against the Japanese yen, British pound, and euro.

The ringgit trended mostly higher against its ASEAN counterparts, rising against the Singapore dollar, Indonesian rupiah, and Philippine peso. However, it saw a slight decline against the Thai baht.