Malaysian Ringgit: range consolidation view against US Dollar, Commerzbank
FROM THE WIRE · FXSTREET.COM
Commerzbank's Charlie Lay and Dr. Henry Hao note that Bank Negara Malaysia (BNM) held rates at 2.75% while maintaining a cautious stance. They expect a 25 bp hike in Q1 2027 and see USD/MYR consolidating within the 4.00–4.10 range.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralExpectations on Bank Negara Malaysia's rates and the USD/MYR range can shape ringgit trading and regional currency flows.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Bank Negara Malaysia held rates at 2.75% while maintaining a cautious stance.
- 02Commerzbank analysts expect a 25 bp hike in Q1 2027.
- 03They see USD/MYR consolidating within the 4.00–4.10 range.