{"id":118813,"date":"2025-01-22T22:39:41","date_gmt":"2025-01-22T22:39:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118813"},"modified":"2025-01-23T18:02:41","modified_gmt":"2025-01-23T18:02:41","slug":"usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged\/","title":{"rendered":"USD\/MYR: Malaysian Ringgit rises after the central bank leaves rates unchanged"},"content":{"rendered":"<ul>\n<li><strong>Malaysia Ringgit (MYR) rises for a third day<\/strong><\/li>\n<li><strong>Bank Negara Malaysia left rates at 3%<\/strong><\/li>\n<li><strong>US Dollar (USD) rises against major peers<\/strong><\/li>\n<li><strong>Trump threatens 10% tariffs on China<\/strong><\/li>\n<\/ul>\n<p>The US dollar-Malaysian ringgit (USD\/MYR) exchange rate is falling for a third straight day. The pair fell 0.38% in the previous session, settling on Tuesday at 4.4730. At 21:00 UTC, USD\/MYR trades -0.84% at 4.4435 and is in a range of 4.4345 to 4.4685.<\/p>\n<p>The Malaysian ringgit extended gains on Wednesday after the central bank left interest rates unchanged as expected.<\/p>\n<p>The Bank Negara Malaysia kept its benchmark interest rate on hold at 3% and said that inflation is expected to remain manageable heading into 2025 as global cost conditions ease and amid a lack of excessive domestic demand pressures.<\/p>\n<p>Expectations that the central bank will leave rates at the 3% level across the year support the Ringgit.<\/p>\n<p>Malaysia is not under any immediate pressure to reduce borrowing costs, even as central banks worldwide move to ease monetary policy.<\/p>\n<p>Resilient consumer spending and a growing investment pipeline are expected to help cushion the economy from external volatility.<\/p>\n<p>The currency was the best performer across emerging markets last year, with the central bank encouraging firms to repatriate overseas income. The outlook for this year remains strong.<\/p>\n<p>The US Dollar is falling against the Ringgit but rising against its major peers. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at 108.24 at the time of writing, up 0.17% after losses yesterday.<\/p>\n<p>The US dollar is edging higher as the market assesses the possibility of US tariffs on China. The US dollar index recovered from a three-week low after President Trump said he is considering a 10% tariff on all Chinese goods in retaliation to the flow of fentanyl from the country.<\/p>\n<p>The 10% threat is significantly less than the 60% that Trump had initially promised during the election campaign. However, markets are still jittery that trade tariffs could increase inflationary pressures within the US economy.<\/p>\n<p>The Federal Reserve is expected to leave interest rates on hold next week. The market is pricing in just a 1% chance of a 25 basis point rate cut in the January 28th\u201429th FOMC meeting.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia Ringgit (MYR) rises for a third day Bank Negara Malaysia left rates at 3% US Dollar (USD) rises against major peers Trump threatens 10% tariffs on China The US dollar-Malaysian ringgit (USD\/MYR) exchange rate is falling for a third straight day. The pair fell 0.38% in the previous session, settling on Tuesday at 4.4730. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[3718,1398,3282],"class_list":{"0":"post-118813","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usd","8":"tag-myr","9":"tag-usd","10":"tag-usd-myr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/MYR: Malaysian Ringgit rises after the central bank leaves rates unchanged - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/MYR: Malaysian Ringgit rises after the central bank leaves rates unchanged\",\"datePublished\":\"2025-01-22T22:39:41+00:00\",\"dateModified\":\"2025-01-23T18:02:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged\\\/\"},\"wordCount\":373,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100490-gbp-usd-trump-cancels-on-korea.jpg\",\"keywords\":[\"myr\",\"usd\",\"usd\\\/myr\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-myr-malaysian-ringgit-rises-after-the-central-bank-leaves-rates-unchanged\\\/\",\"name\":\"USD\\\/MYR: Malaysian Ringgit rises after the central bank leaves rates unchanged - 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