Ringgit Seen at RM3.90-3.95 Ahead of Trump-Xi Meeting
The ringgit is forecast to trade between RM3.90 and RM3.95 against the US dollar this week, ahead of a Trump-Xi meeting in Beijing.
May 10, 2026
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Source: thestar.com.my
KUALA LUMPUR (Bernama) β The ringgit is expected to trade between RM3.90 and RM3.95 against the US dollar this week, ahead of a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping scheduled for Thursday in Beijing, according to market analysts.
As of May 10, 2026, the ringgit was trading around RM3.93 per dollar, reflecting cautious sentiment as traders await the outcome of the high-level talks. The meeting is expected to address trade tensions and bilateral economic issues.
Analysts noted that the ringgit's range is supported by stable crude oil prices and Malaysia's export performance, but risks remain from global monetary policy shifts and geopolitical uncertainties.
β Frequently Asked Questions
What is the expected trading range for the ringgit this week?
The ringgit is expected to trade between RM3.90 and RM3.95 against the US dollar.
Why is the Trump-Xi meeting important for the ringgit?
The meeting could influence trade policies and bilateral relations between the US and China, affecting investor sentiment and currency markets.
What factors support the ringgit's current range?
Stable crude oil prices and Malaysia's export performance are supporting the ringgit, but global monetary policy and geopolitical risks remain.
