Economist Kenanga: Ringgit may trade in the 3.94-3.98 range in the short term, with geopolitical situation and oil prices in focus

汇通财经2026/03/06 03:43

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(1) Kenanga economists noted in a report that the Malaysian ringgit may trade in the range of 3.94-3.98 ringgit per US dollar in the near term, until the outlook for the duration of the Middle East conflict becomes clearer. Currently, the US dollar is quoted at 3.9485 ringgit, up 0.1%. (2) The report stated that it may be too early to expect a rapid de-escalation of the Middle East situation, and the market remains highly focused on crude oil price trends and their potential impact on US inflation and Federal Reserve policy. (3) Economists further pointed out that although Malaysia may gain short-term benefits from rising oil prices, the ringgit no longer trades like a traditional oil-linked currency, but rather tends to fluctuate as a high-beta emerging market currency. (4) On the technical side, Kenanga expects the US dollar to face resistance at 3.956 ringgit and find support at 3.934 ringgit against the ringgit in the short term.

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Incordex appointed Chen Wang to its board effective Sept. 29, 2026. Wang founded his own brand. He has served as founder and board chairman of Yunnan Jinshengchang Technology and Trade since Oct. 2024. He previously led global pharmaceutical education operations at Meixin E-commerce. He later ran education operations at Zhuyuan Grop. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Incordex Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006080), on October 07, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/07 16:03