{
  "id": 17408854,
  "title": "Ringgit expected to trade range-bound vs US dollar next week ahead of BNM’s OPR decision",
  "url": "https://urgent.news/2026/10/31/ringgit-expected-to-trade-range-bound-vs-us-dollar-next-week-ahead-of",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T13:00:00.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/31/ringgit-expected-to-trade-range-bound-vs-us-dollar-next-week-ahead-of-bnms-opr-decision/241396"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Oct 31 - The ringgit is anticipated to trade within a narrow band against the US dollar in the upcoming week as investors focus on Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) decision scheduled for November 5. Dr Mohd Afzanizam Abdul Rashid, chief economist of Bank Muamalat Malaysia Bhd, suggests that a potential OPR hike could bolster the ringgit, as BNM might opt to normalize the policy rate due to the country's robust economic growth. \"The dollar-ringgit may hover between RM4.05 and RM4.07 next week,\" he added. Kenanga Investment Bank Bhd notes that heightened tensions in the West Asia region could elevate oil prices and the US Treasury (UST) term premium, reversing the 10-year yield's downward trend below 5.00 per cent and rekindling demand for the US dollar. The report warns that investors may remain cautious during the vote, leaving the ringgit's gains vulnerable. The ringgit experienced volatility within the RM4.04-RM4.08 range, with a year-end target of RM4.00 still attainable, according to the bank. Over the week, the local currency climbed against the US dollar from 4.0835/0875 to 4.0555/0600, gained against the Japanese yen, British pound, and euro, and also rose against various Asean currencies, including the Singapore dollar, Indonesian rupiah, Thai baht, and Philippine peso.",
  "summary": "KUALA LUMPUR, Oct 31 — The ringgit is expected to trade within a narrow range against the US dollar next week as i...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}