{
  "id": 12165076,
  "title": "Ringgit rises against Asean currencies but slips against US dollar",
  "url": "https://urgent.news/2026/10/05/ringgit-rises-against-asean-currencies-but-slips-against-us-dollar",
  "topic": "world",
  "section": "World",
  "published": "2026-10-05T11:08:12.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/05/ringgit-rises-against-asean-currencies-but-slips-against-us-dollar/237824"
  },
  "original_language": "en",
  "account": "At 6pm on Monday, the Malaysian ringgit closed higher against most Association of Southeast Asian Nations (Asean) currencies but fell against the US dollar, as heightened concerns emerged regarding France's fiscal situation following a significant decline in its bond market last week. By the end of the trading day, the ringgit dropped to 4.0845/0890 against the greenback, a decline from Friday's closing rate of 4.0820/0870. Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid attributed the US Dollar Index's (DXY) further strengthening to the prevailing risk-averse sentiment, driven by apprehensions over public finances and political instability in various European economies. He noted that the euro had plummeted to a 17-month low on Monday following the announcement of a snap election in Spain. Consequently, the ringgit remained within a narrow range relative to the US dollar. Throughout the trading session, the ringgit exhibited mixed performances against a variety of major currencies. It appreciated against the euro, reaching 4.5775/5825 from its previous level of 4.5927/5983, and strengthened against the Japanese yen, moving to 2.5858/5886 from 2.5906/5941. However, the local currency weakened against the British pound, trading at 5.4022/4081, a drop from 5.3927/3993. Concurrently, the ringgit experienced an overall rise against Asean currencies. It increased slightly against the Singapore dollar, moving from 3.1908/1952 to 3.1905/1943, and strengthened against the Thai baht, shifting from 12.1579/1778 to 12.1234/1411. Additionally, the local currency marginally rose against the Indonesian rupiah, going from 228.2/228.6 to 227.9/228.3, but remained unchanged against the Philippine peso, holding steady at 6.52/6.53.",
  "summary": "KUALA LUMPUR, Oct 5 — The ringgit closed higher against most Asean currencies but eased against the US dollar on M...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}