Ringgit opens higher against US dollar ahead of BNM OPR decision

KUALA LUMPUR: The ringgit opened higher against the US dollar on Thursday as investors awaited Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) decision on the Overnight Policy Rate (OPR) later today.

At 8 am, the local currency rose to 4.0385/0455 against the greenback from Wednesday’s close of 4.0435/0475.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the focus today would be on the MPC’s OPR decision, with the central bank widely expected to keep the policy rate unchanged at 2.75 per cent.

Meanwhile, Mohd Afzanizam said the US Dollar Index (DXY) fell 0.12 per cent to 99.555 points ahead of the US nonfarm payrolls (NFP) data due on Friday.

He said market attention in recent days had centred on Federal Reserve (Fed) chair Kevin Warsh’s speech at the Jackson Hole Symposium last Friday, with his remarks on elevated inflation interpreted as a signal that a rate hike could be on the table at the Fed’s Federal Open Market Committee meeting in mid-September.

"This has led to a correction in the value of the ringgit against the US dollar,” he added.

As such, Mohd Afzanizam expects the ringgit to improve slightly today, although it is likely to remain in a narrow trading range.

Against a basket of major currencies, the ringgit strengthened against the British pound to 5.4443/4537 from Wednesday’s 5.4527/4581 and edged up against the euro to 4.6782/6863 from 4.6787/6834.

However, the local note weakened against the Japanese yen to 2.5411/5456 from 2.5294/5321.

The ringgit traded mixed against regional currencies.

It edged up against the Indonesian rupiah to 227.3/227.8 from 227.6/227.9 and rose against the Philippine peso to 6.45/6.47 from 6.46/6.47 at Wednesday’s close.

However, it declined against the Singapore dollar to 3.1764/1822 from 3.1739/1773 and fell against the Thai baht to 12.1660/1926 from Wednesday’s close of 12.1321/1488. - Bernama

Ringgit weakens against US$, mixed against other major currencies

Ringgit ends lower vs US dollar

Ringgit opens lower vs greenback amid higher oil prices, Fed rate hike bets

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吉隆坡：周四，令吉兑美元开盘走高，投资者正等待马来西亚国家银行（BNM）货币政策委员会（MPC）于今日晚些时候就隔夜政策利率（OPR）作出决定。

上午 8 点，当地货币兑美元汇率从周三收盘价 4.0435/0475 上涨至 4.0385/0455。

马来西亚伊斯兰银行首席经济学家莫哈末·阿夫扎尼扎姆·阿卜杜勒·拉希德博士表示，今天的焦点将集中在货币政策委员会的隔夜政策利率决定上，外界普遍预期央行将维持政策利率在2.75%不变。

与此同时，Mohd Afzanizam表示，在周五公布美国非农就业数据之前，美元指数(DXY)下跌0.12%，至99.555点。

他表示，近几日市场关注的焦点集中在美联储主席凯文·沃什上周五在杰克逊霍尔研讨会上的讲话上，他关于高通胀的言论被解读为美联储在9月中旬的联邦公开市场委员会会议上可能考虑加息的信号。

“这导致令吉对美元汇率出现回调，”他补充道。

因此，Mohd Afzanizam 预计令吉今天将略有回升，但可能会在窄幅区间内波动。

令吉兑一篮子主要货币走强，兑英镑汇率从周三的 5.4527/4581 升至 5.4443/4537，兑欧元汇率小幅上涨，从 4.6787/6834 升至 4.6782/6863。

然而，本币兑日元汇率从 2.5294/5321 跌至 2.5411/5456。

令吉兑区域货币汇率走势不一。

周三收盘时，印尼盾兑美元汇率小幅上涨至 227.3/227.8（227.6/227.9），菲律宾比索兑美元汇率小幅上涨至 6.45/6.47（6.46/6.47）。

然而，马币兑新加坡元汇率从3.1739/1773跌至3.1764/1822，兑泰铢汇率从周三收盘价12.1321/1488跌至12.1660/1926。——马新社

令吉兑美元走弱，兑其他主要货币走势分化

令吉兑美元汇率收跌

受油价上涨和美联储加息预期影响，令吉兑美元开盘走低。

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