Kuala Lumpur 28 April 2026 (The Capital Post) – The ringgit opened mostly stronger against a basket of major and regional currencies on Tuesday, supported by cautious market sentiment ahead of key global monetary policy developments.
In early trading, the local currency hovered at around 3.9505/9550 against the US dollar, showing little change from the previous close as investors remained on the sidelines awaiting signals from the US Federal Reserve’s upcoming policy meeting.
Despite the muted performance against the greenback, the ringgit strengthened against several major currencies. It appreciated versus the British pound and Japanese yen, while easing slightly against the euro during the same session.
Against regional peers, the domestic unit also showed resilience, gaining against the Singapore dollar and Thai baht, while remaining largely unchanged against the Indonesian rupiah and Philippine peso.
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Analysts said the currency is expected to trade within a narrow range in the near term, as investors adopt a wait-and-see approach ahead of fresh guidance from US policymakers, particularly on interest rate direction and economic outlook.
Market sentiment continues to be influenced by external factors, including global economic uncertainty and geopolitical developments, which have kept currency movements relatively subdued.
The ringgit’s performance reflects a cautious but steady outlook, with traders closely monitoring international developments that could shape currency trends in the coming days.-The Capital Post