MYR: Strong growth and flows support firm Ringgit – Commerzbank

FXStreet Insights Team FXStreet

Commerzbank’s Moses Lim notes that the Malaysian Ringgit is Asia’s best performer this year, supported by robust growth, FDI into data centres and tech supply chains, and firm exports. With inflation contained and Bank Negara Malaysia expected to keep rates unchanged, the bank sees USD/MYR holding around 3.85–3.90 in the near term as MYR strength is tolerated.

Best-performing Asian currency with solid base

"The Malaysian Ringgit (MYR) is the strongest performing Asian currency this year, gaining 4.0% against the USD."

"Q4 GDP was revised up to 6.3% yoy which implied 5.2% in 2025, the strongest pace in three years."

"Exports are expected to remain firm this year, led by the key sectors including electronics, oil and gas, and crude palm oil."

"Bank Negara Malaysia (BNM) is expected to keep the Overnight Policy Rate (OPR) unchanged at 2.75% for the foreseeable future."

"We could see USD-MYR hold around the 3.85-3.90 range near term."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

Euro clings to the bid bias above 1.1500

EUR/USD has picked up pace, reversing Monday’s decline and advancing past the 1.1500 barrier on Tuesday. In the meantime, hopes for a diplomatic solution to the Middle East crisis keep the US Dollar under modest downside pressure, helping spot in its recovery.

Ethereum holds steady below $1,900 as retail distribution rises

Ethereum (ETH) continued trading flat on Tuesday following modestly increasing exchange net flows and continued distribution across retail wallets. Ethereum on-chain data shows mixed sentiment across several wallet cohorts.

RBI set to keep interest rates unchanged as inflation risks persist

The Reserve Bank of India is set to announce its bi-monthly monetary policy decision on Wednesday at 10:00 AM IST (04:30 GMT), another meeting coming at a time when uncertainty remains high over the duration and economic fallout of the ongoing Middle East conflict.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.