{
  "id": 15985113,
  "title": "Ringgit opens higher against US dollar ahead of Fed meeting",
  "url": "https://urgent.news/2026/10/22/ringgit-opens-higher-against-us-dollar-ahead-of-fed-meeting",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T00:59:08.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/22/ringgit-opens-higher-against-us-dollar-ahead-of-fed-meeting/240110"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Oct 22 — The Malaysian ringgit began the trading day on a stronger note against the US dollar and several major currencies on Thursday, as the greenback faced pressure before the upcoming Federal Open Market Committee (FOMC) meeting. At 8am, the ringgit was trading at 4.0780/0835 against the US dollar, up from Wednesday's close of 4.0790/0825. Dr Mohd Afzanizam Abdul Rashid, chief economist at Bank Muamalat Malaysia Bhd, noted that market sentiment remains cautious in the lead-up to the FOMC meeting, with investors closely watching inflation. Additionally, crude oil prices surged following a recent attack on a Saudi oil field; Brent crude was trading close to US$108 per barrel. Mohd Afzanizam also highlighted that US crude oil inventories declined by 3.06 million barrels during the week of October 16, possibly indicating efforts by the US government to stabilize fuel prices. Despite the overall cautious sentiment, the ringgit was mostly higher against a basket of major currencies, including the Japanese yen, British pound, and Korean won. However, the local currency weakened against the euro, Philippine peso, Indonesian rupiah, Singapore dollar, and Thai baht.",
  "summary": "KUALA LUMPUR, Oct 22 — The ringgit opened higher against the US dollar and most major currencies on Thursday as th...",
  "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."
}