The Ringgit closed marginally lower against the US dollar and most major currencies on Monday, as traders remained cautious ahead of the US Federal Reserve’s 2026 interest rate outlook. At 6 pm, the local currency eased to 4.0580/0625 against the greenback from 4.0470/0535 last Friday.
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RM4.00 Key Resistance for MYR
Bank Muamalat chief economist Dr Mohd Afzanizam Abdul Rashid said year‑end market activity is subdued due to limited catalysts, while fiscal consolidation could weigh on credit ratings. He noted RM4.00 remains a key resistance level next year. The Ringgit also weakened against the yen, pound, euro, and ASEAN peers, but gained against the Thai baht.
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