{
  "id": 16134614,
  "title": "Ringgit opens higher as AI investment concerns weigh on greenback",
  "url": "https://urgent.news/2026/10/23/ringgit-opens-higher-as-ai-investment-concerns-weigh-on-greenback-16134614",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-23T00:36:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/23/ringgit-opens-higher-as-ai-investment-concerns-weigh-on-greenback"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: The Malaysian ringgit began the trading day on a stronger note on Friday, as the U.S. dollar lost ground following a decline in equity prices. This was largely due to elevated apprehensions surrounding artificial intelligence (AI)-linked investments. At 8 a.m., the ringgit appreciated to 4.0785/4.0855 against the greenback, marking a shift from Thursday's close of 4.0815/4.0850. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid attributed these concerns to investors' uncertainty regarding the timeliness of generating returns from further investments in AI-related enterprises. Furthermore, he suggested that the likelihood of an interest rate increase by the Federal Reserve (Fed) is becoming less probable, as the two- and 10-year U.S. Treasury yields dropped by 16 and 17 basis points, reaching 4.64% and 4.95%, respectively. Afzanizam also pointed out that the U.S. Dollar Index (DXY) experienced a 0.15% decline to 101.625 points. \"Nevertheless, there is mounting apprehension about growth prospects, rendering the decision to raise rates seem impractical. Consequently, the ringgit is expected to maintain a narrow trading range today as market sentiment appears defensive,\" he concluded. The ringgit exhibited a mixed performance against its major currency counterparts at the opening. It climbed against the euro to 4.5765/4.5843, slipped versus the Japanese yen to 2.6054/2.6100, and dipped against the British pound to 5.4664/5.4758. Against its Asean peers, the ringgit strengthened against the Thai baht to 12.0852/12.1124, rose against the Indonesian rupiah to 225.8/226.3, and remained steady against the Philippine peso at 6.42/6.43. The ringgit softened against the Singapore dollar to 3.1941/3.1998.",
  "summary": "The local note rises to 4.0785/4.0855 against the US dollar from Thursday’s close of 4.0815/4.0850.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "Ringgit opens higher as AI investment concerns weigh on greenback",
        "url": "https://urgent.news/2026/10/23/ringgit-opens-higher-as-ai-investment-concerns-weigh-on-greenback",
        "published": "2026-10-23T01:01:33.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Ringgit opens higher as greenback weakens amid AI investment concerns",
        "url": "https://urgent.news/2026/10/23/ringgit-opens-higher-as-greenback-weakens-amid-ai-investment-concerns",
        "published": "2026-10-23T01:35:06.000Z"
      }
    ]
  },
  "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."
}