{
  "id": 16036313,
  "title": "Ringgit weakens against US dollar, major currencies ahead of Fed meeting",
  "url": "https://urgent.news/2026/10/22/ringgit-weakens-against-us-dollar-major-currencies-ahead-of-fed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T10:43:26.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/22/ringgit-weakens-against-us-dollar-major-currencies-ahead-of-fed-meeting/240222"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Oct 22 — The Malaysian ringgit experienced a decline against the US dollar and other major currencies on Thursday as investors remained cautious prior to the upcoming two-day US Federal Open Market Committee (FOMC) meeting next week. This occurred as US Treasury yields and the US Dollar Index (DXY) experienced a drop. By 6 PM, the ringgit fell to 4.0815/0850 against the greenback, from yesterday's close of 4.0790/0825. Mohd Afzanizam Abdul Rashid, chief economist at Bank Muamalat Malaysia Bhd, explained that the market's reassessment of the forthcoming FOMC decision has influenced movements in the US DXY. Traders are expected to focus on the upcoming FOMC statement for potential hints about a rate hike in December. \"In that sense, support for the DXY remains visible, and the US dollar-ringgit pair may continue to trade within a narrow range,\" he commented. The ringgit also traded lower against a basket of major currencies, decreasing against the Japanese yen to 2.6035/6057, falling against the British pound to 5.4659/4706, and inched down against the euro to 4.5790/5830. However, the ringgit performed mostly higher against its ASEAN peers, gaining against the Thai baht to 12.0973/1120, appreciating against the Indonesian rupiah to 225.9/226.3, and strengthening against the Philippine peso to 6.42/6.43.",
  "summary": "KUALA LUMPUR, Oct 22 —The ringgit closed lower against the greenback and other major currencies on Thursday as investo...",
  "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."
}