KUALA LUMPUR, May 23 — The ringgit is expected to trade within a narrow range of between RM3.95 and RM3.97 next week against the US dollar amid a shortened trading week.Bank...
One shock away from crisis: Report says nearly a fifth of PPR households have no savings, over half can last only three months or lessThe ringgit is expected to trade within a narrow range of between RM3.95 and RM3.97 next week against the US dollar amid a shortened trading week.
— Picture by Firdaus Latif! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. KUALA LUMPUR, May 23 — The ringgit is expected to trade within a narrow range of between RM3.95 and RM3.97 next week against the US dollar amid a shortened trading week.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said that next week, the focus would be on the United States’ personal consumption expenditures inflation data for April.
“It seems the PCE is likely to be on the high side in light of the elevated petrol prices during April. In addition, it is a holiday-shortened week following the Aidiadha celebration on Wednesday. Mohd Afzanizam said while the ringgit is expected to move in a narrow range, Malaysia’s macroeconomic matrices are fairly decent.
“Our surplus in the current account balance widened to 3.0 per cent of gross domestic product in the first quarter of this year from 0.5 per cent in the fourth quarter of last year. He also noted that Malaysia’s foreign exchange reserve has risen to US$129.5 billion as of May 15, 2026 compared to US$125.5 billion on Dec 31, 2025. The ringgit was lower against the US dollar at 3.9655/9700 on Friday from 3.9515/9580 the week before.
It fell versus the British pound to 5.3245/3305 from 5.2749/2835, appreciated against the euro to 4.6012/6064 from 4.5948/6024 but gained versus the Japanese yen to 2.4925/4954 from 2.4927/4968. It rose versus the Indonesian rupiah to 223.8/224.1 from 224.5/225.0 but it eased vis-a-vis the Singapore dollar to 3.0985/1023 from 3.0871/0927, fell against the Thai baht to 12.1421/1611 from 12.0989/1247 and declined against the Philippine peso to 6.42/6.44 from 6.40/6.41.
The market will be closed on May 27 in conjunction with the Aidiladha public holiday and will resume operations on May 28. It would also be closed on June 1 and 2 for the King’s Birthday and Wesak Day holidays, before resuming operations on June 3. — Bernama
Mohd Afzanizam Abdul Rashid Bank Muamalat US Dollar Foreign Exchange Reserve Personal Consumption Expenditures
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