{
  "id": 1467448,
  "title": "Ringgit ends higher as Fed rate hike expectations ease",
  "url": "https://urgent.news/2026/08/17/ringgit-ends-higher-as-fed-rate-hike-expectations-ease",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T10:43:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/17/ringgit-ends-higher-as-fed-rate-hike-expectations-ease"
  },
  "original_language": "en",
  "account": null,
  "summary": "The ringgit closed higher against the US dollar on Monday. It rose 225 percentage points to 4.0585/4.0630 from Friday's close of 4.0840/4.0885.\n\nThis increase was attributed to softer US economic data, which reduced expectations of a US Federal Reserve interest rate hike in September. According to Free Malaysia Today, lower US consumer price and producer price indices, as well as weaker jobs data, eased expectations of a potential rate hike.\n\nThe US economic data released last week showed a contraction in July Retail Sales by 0.6% month-over-month, and an annual rise of 5.0%, which marked a slowdown from the previous month. As a result, traders scaled back their expectations for near-term Federal Reserve rate hikes, with a 30.6% probability of a rate hike next month, down from 52.2% a week prior, according to the CME FedWatch tool.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Canadian Dollar edges higher as Fed rate hike bets recede, CPI data looms",
        "url": "https://urgent.news/2026/08/17/canadian-dollar-edges-higher-as-fed-rate-hike-bets-recede-cpi-data",
        "published": "2026-08-17T06:57:55.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Ringgit ends higher as Fed rate hike expectations ease",
        "url": "https://urgent.news/2026/08/17/ringgit-ends-higher-as-fed-rate-hike-expectations-ease-1468912",
        "published": "2026-08-17T10:43:00.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Goldman Sachs says a September Fed rate hike is very unlikely as inflation cools",
        "url": "https://urgent.news/2026/08/17/goldman-sachs-says-a-september-fed-rate-hike-is-very-unlikely-as",
        "published": "2026-08-17T12:22:49.000Z"
      }
    ]
  },
  "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."
}