Malaysian Ringgit Expected to Hold Narrow Range Against Dollar Next Week
Analysts forecast trading between 4.07 and 4.09 as markets await US labour data and Federal Reserve signals on interest rate trajectory.
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Analysts forecast trading between 4.07 and 4.09 as markets await US labour data and Federal Reserve signals on interest rate trajectory.

Malaysia's currency edged higher against the greenback as weaker US GDP and inflation figures emerged, though September rate hike expectations limited the move

Malaysian currency strengthened to 4.08 per dollar as softer US growth figures and cooling inflation signal Federal Reserve may hold rates steady

Vietnam's currency slipped against the greenback Wednesday as traders awaited the Federal Reserve's interest rate decision amid renewed Middle East tensions.

The State Bank of Vietnam set the benchmark USD/VND rate at VND25,306, surpassing the previous August 2025 peak as global dollar strength tests emerging market currencies.

The currency appreciated against the dollar and most major peers while traders positioned ahead of the Federal Reserve's two-day policy meeting starting July 28.

Crude prices surge past $98 per barrel amid West Asia tensions, pushing the greenback higher and rattling Asian currencies.

West Asian tensions drove crude prices past $98, fueling speculation the Federal Reserve may tighten again in September and strengthening the dollar against regional currencies.

The greenback rose 0.04% at major commercial banks and climbed further on informal markets as geopolitical risk and rising oil prices bolster safe-haven demand

Malaysia's currency weakened alongside regional peers as investors awaited Federal Reserve minutes and fresh US economic data

The local currency hit its weakest level since March as a surging greenback and capital outflows triggered the steepest monthly reserve decline in four months