{
  "id": 10428085,
  "title": "Ringgit ends lower against US dollar on hawkish Fed signals",
  "url": "https://urgent.news/2026/09/28/ringgit-ends-lower-against-us-dollar-on-hawkish-fed-signals",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T11:11:45.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/09/28/ringgit-ends-lower-against-us-dollar-on-hawkish-fed-signals/236911"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR — The Malaysian ringgit closed weaker against the US dollar on Friday, Sept 28, as expectations of further interest rate hikes from the US Federal Reserve (Fed) dampened the forex market. By the close of trading, the ringgit fell to 4.0805/0845 against the greenback, down from the previous close of 4.0715/0765. Dr Mohd Afzanizam, chief economist at Bank Muamalat Malaysia Bhd, pointed to hawkish remarks from Fed officials, particularly Philadelphia Fed President Anna Paulson, which signaled additional rate increases. This outlook led to a rise in US Treasury yields for the two- and 10-year maturities, reaching 4.91% and 5.57%, respectively. Moreover, the anticipation of higher Federal Open Market Committee (FOMC) rate expectations bolstered this bearish sentiment. Throughout the day, the ringgit also weakened against other major currencies, including the euro, British pound, Japanese yen, Singapore dollar, and Philippine peso. However, it strengthened against the Indonesian rupiah and Thai baht.",
  "summary": "KUALA LUMPUR, Sept 28 — The ringgit ended lower against the US dollar today, weighed down by continued hawkish sen...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar softens to near 0.7000 on hawkish Fed signals, RBA rate decision looms",
        "url": "https://urgent.news/2026/09/27/australian-dollar-softens-to-near-0-7000-on-hawkish-fed-signals-rba",
        "published": "2026-09-27T23:23:33.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build",
        "url": "https://urgent.news/2026/09/28/dollar-firms-as-us-iran-tensions-lift-oil-hawkish-fed-bets-build",
        "published": "2026-09-28T01:36:30.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build",
        "url": "https://urgent.news/2026/09/28/dollar-firms-as-us-iran-tensions-lift-oil-hawkish-fed-bets-build-10340670",
        "published": "2026-09-28T01:58:22.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build",
        "url": "https://urgent.news/2026/09/28/dollar-firms-as-us-iran-tensions-lift-oil-hawkish-fed-bets-build-10352366",
        "published": "2026-09-28T03:18:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}