{
  "id": 14583470,
  "title": "Ringgit slips against US dollar as hotter inflation strengthens greenback",
  "url": "https://urgent.news/2026/10/15/ringgit-slips-against-us-dollar-as-hotter-inflation-strengthens",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T01:12:51.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/15/ringgit-slips-against-us-dollar-as-hotter-inflation-strengthens-greenback/239162"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Oct 15 - The Malaysian ringgit slipped against the US dollar today as surprisingly high US inflation data bolstered confidence in a potential interest rate hike by the US Federal Reserve, supporting the greenback. By 8 am, the ringgit fell to 4.0820/0865 against the US dollar, down from yesterday's close of 4.0805/0850. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted the US Dollar Index (DXY) rose 0.36 percent to 102.55 points as headline inflation accelerated to 3.7 percent in September, surpassing expectations of 3.6 percent. Core inflation also rose to 2.6 percent in September, exceeding the consensus estimate of 2.4 percent. Higher gasoline prices, particularly in the transport sub-index which jumped to 7.9 percent in September from 6.2 percent in August, drove the inflation surge. Following the data, Chicago Fed President Austan Goolsbee expressed disappointment, suggesting Fed officials may raise the federal funds rate during their upcoming meeting on Oct 27-28. The developments have strengthened expectations of a US rate hike, which could further pressure the ringgit. Dr Afzanizam expects the ringgit to trade between RM4.08 and RM4.09 today as the prospect of a US rate increase gains momentum. However, Malaysia's advance estimate of GDP growth for the third quarter of 2026 could provide some support to the local currency, with the economy expected to maintain around 5.0 percent growth. Despite this, the ringgit has traded mostly lower against major currencies, strengthening against the British pound and Japanese yen, and weakening against the euro, Thai baht, and Indonesian rupiah.",
  "summary": "KUALA LUMPUR, Oct 15 — The ringgit opened lower against the US dollar today as stronger-than-expec...",
  "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."
}