{
  "id": 11176762,
  "title": "Ringgit ends higher against major currencies, easier vs greenback",
  "url": "https://urgent.news/2026/10/01/ringgit-ends-higher-against-major-currencies-easier-vs-greenback-11176762",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T10:32:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/01/ringgit-ends-higher-against-major-currencies-easier-vs-greenback"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: The Malaysian ringgit concluded its trading session on Thursday with a higher value against a group of major currencies, yet it weakened against the US dollar. This occurred as the greenback retained its strong position, despite decreasing expectations of an interest rate increase by the US Federal Reserve. By 6 pm, the ringgit fell to 4.0830/4.0875 against the US dollar, down from the previous day's closing rate of 4.0785/4.0820. Afzanizam Rashid, the chief economist at Bank Muamalat Malaysia Bhd, pointed out that the ringgit fluctuated within a tight range of RM4.0820-RM4.0875 against the US dollar on this day. He explained that the likelihood of a US rate hike had dropped to under 50%, following the release of the most recent personal consumption expenditures (PCE) inflation data, which came in lower than anticipated. Despite this, Rashid noted that the US dollar remained well supported, as the US dollar index climbed by 0.30% to 101.759 points. Consequently, he suggested that the Federal Reserve may pause its rate hikes in October, while markets continued to adapt to the latest PCE inflation figures. When compared to other currencies, the ringgit increased against the euro to 4.6015/4.6066 from 4.6324/4.6363 the previous day, rose against the British pound to 5.3896/5.3955 from 5.4162/5.4209, and strengthened against the Japanese yen to 2.5781/2.5811 from 2.5969/2.5993. Additionally, the ringgit gained against the Singapore dollar to 3.1856/3.1894, the Thai baht to 12.1111/12.1294, and edged higher against the Philippine peso at 6.50/6.51. However, its value remained unchanged against the Indonesian rupiah, trading between 227.2/227.6.",
  "summary": "At 6pm, the ringgit edged down to 4.0830/4.0875 against the US dollar.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Ringgit ends higher against major currencies, easier vs greenback",
        "url": "https://urgent.news/2026/10/01/ringgit-ends-higher-against-major-currencies-easier-vs-greenback",
        "published": "2026-10-01T10:32:00.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Ringgit slips against US dollar but gains against major currencies",
        "url": "https://urgent.news/2026/10/01/ringgit-slips-against-us-dollar-but-gains-against-major-currencies",
        "published": "2026-10-01T10:39:22.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Ringgit ends higher against major currencies, easier vs greenback",
        "url": "https://urgent.news/2026/10/01/ringgit-ends-higher-against-major-currencies-easier-vs-greenback-11176501",
        "published": "2026-10-01T11:03:21.000Z"
      }
    ]
  },
  "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."
}