USD/MYR Price & Performance (USDMYR)

The Malaysian ringgit weakened against the US dollar today amid concerns surrounding upcoming US reciprocal tariffs. Bank Negara Malaysia highlighted the potential for heightened currency volatility due to global policy shifts. Despite the challenges, analysts believe Malaysia's low average tariff rates could limit the economic impact of these measures in the long term.123

The FTSE Bursa Malaysia KLCI fell 0.11% today as investors remained wary of US trade policies. Shares of Alliance Bank Malaysia dropped over 8% following a rights issue announcement. Broader caution in the market reflected ongoing concerns about the global economic impact of protectionist trade measures.4

Malaysian palm oil futures hit their lowest close in nearly two months, pressured by weak rival vegetable oil markets. However, losses were cushioned by the ringgit's decline, which made palm oil more competitive for foreign buyers. Export data also showed a month-on-month decline in shipments, further weighing on prices.5