At 8 am, the local currency traded at 3.9340/9450 against the greenback, compared with Wednesday’s close of 3.9395/9465. "Markets will be watching the OPR decision later today. On the recent surge in global oil prices, Mohd Afzanizam said crude markets remain driven by developments in the Middle East. However, the country imports oil for domestic consumption, while most of its higher-grade crude is exported at better premiums. On Wednesday, the ringgit traded in a tight range of RM3.9378 to RM3.9540 against the US dollar, and he expects similar conditions to persist on Thursday as traders remain in risk-off mode.

Source: The Star March 05, 2026 03:06 UTC