CCY:USDMYR

Usd/myr Currency Pair News

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+0.0270 (+0.681%)
At Close: Jun 03, 2026
USD/MYR: Testing key supports on softer USD – OCBC
USDMYR: Bullish reversal pattern points higher – OCBC
USD/MYR: Geopolitics and Oil risk steer Ringgit – OCBC
USD/MYR: Consolidation near highs with upside risks – OCBC
USD/MYR: Ringgit strength seen extending lower – MUFG
USD/MYR: Range trade near multi‑year lows – Commerzbank
The Malaysian currency is under intense pressure as it nears its all-time low against the US dollar. The USD/MYR pair was trading at 4.77 on Monday morning, a few points below its February high of 4.8
The reason that MYR was the least performing EM Asia currency in 2023 was due to its high correlation with CNY. MYR depreciated about 5.6% against the Dollar.
The Ringgit (MYR) was one of the worst-performing currencies in Asia. Economists at ANZ Bank analyze USD/MYR outlook.
Extra decline in USD/MYR still appears in store in the short term in the view of Markets Strategist Quek Ser Leang at UOB Group.
Markets Strategist Quek Ser Leang at UOB Group suggests USD/MYR risks further losses in the short-term horizon.

USD/MYR now faces some consolidation – UOB

06:54am, Wednesday, 15'th Nov 2023
USD/MYR could trade between 4.6540 and 4.7550 in the next few weeks, according to Markets Strategist Quek Ser Leang at UOB Group.
In the opinion of Markets Strategist Quek Ser Leang at UOB, USD/MYR could revisit the 4.6480 region in the near term.
Extra selling pressure could force USD/MYR to slip back to the 4.7320 zone in the near term, according to Markets Strategist Quek Ser Leang at UOB Group.
The Malaysian Ringgit tracked regional currency losses last month amid the strength of the US Dollar. Economists at MUFG Bank analyze USD/MYR outlook.
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