Ringgit edges up vs greenback ahead of OPR decision

2026-03-05 - 00:54

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Thursday as traders shifted focus to the overnight policy rate (OPR) announcement later in the day, despite the ongoing conflict in the Middle East. At 8am, the local currency traded at 3.9340/3.9450 against the greenback, compared with Wednesday’s close of 3.9395/3.9465. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said Bank Negara Malaysia is widely expected to keep the OPR unchanged, with markets focused on the central bank’s assessment of recent geopolitical developments in the Middle East. MORE TO COME