<img loading="lazy" class="aligncenter size-full wp-image-3230358" src="https://media.freemalaysiatoday.com/wp-content/uploads/2025/12/eef2ab58-money-exchange-week-3-2025-new-081225-1-1.webp" alt="money exchange" width="1600" height="1200" />
KUALA LUMPUR: The ringgit held firm against the US dollar at the close today as traders adopted a wait-and-see approach ahead of the two-day Federal Open Market Committee (FOMC) meeting starting tomorrow in the US.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the local currency hovered within a tight range of RM4.1057 to RM4.1160 during the day as traders and investors awaited the outcome of the FOMC meeting on Dec 10.
“It seems that a 25 basis points cut in the Fed funds rate is a foregone conclusion,” he told Bernama.
At 6pm, the ringgit was almost unchanged at 4.1100/4.1145 versus the greenback compared to last Friday’s close of 4.1105/4.1140.
At the close, the ringgit trended higher against major currencies.
It climbed versus the British pound to 5.4729/5.4789 from 5.4859/5.4905 at last Friday’s close, strengthened against the euro to 4.7873/4.7926 from 4.7912/4.7953, and edged up vis-à-vis the Japanese yen to 2.6429/2.6460 from 2.6536/2.6561.
The local currency also traded mostly higher against Asean currencies.
It gained versus the Singapore dollar to 3.1698/3.1735 from 3.1741/3.1773 at last Friday’s close, increased against the Indonesian rupiah to 246.1/246.5 from 246.8/247.2 and advanced vis-à-vis the Thai baht to 12.9006/12.9204 from 12.9054/12.9221 previously.
The ringgit, however, was unchanged against the Philippine peso at 6.97/6.98.

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