Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

Ringgit Edges Up as Market Eyes US Economic Data

Guavy AI Editorial Team
Instruments
USD
Share

The Malaysian ringgit started the week on a positive note by opening higher against the US dollar on Monday. The local currency edged up to 4.0805/0900 against the greenback from last Friday's close of 4.0835/0875.

According to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid, the US Institute for Supply Management (ISM) Manufacturing PMI for July will be released tonight, with a consensus estimate at 54.0, higher than June's reading of 53.3.

The market remains cautious due to uncertainties over the West Asia conflict, but Dr Mohd Afzanizam said that the ringgit is expected to trade within a narrow range of RM4.07 to RM4.09 today.

More on Forex

Forex just now

AUD/USD Rally Meets DXY Support Ahead of Crucial Nonfarm Payrolls and ISM Reports

Forex just now

U.S. Equities Face Crucial Week Ahead Amid Economic Indicators and Earnings Reports

Forex 3m ago

Canada's Net-Zero Ambitions Spark Debate Over Policy, Cost, and National Interest

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy