{
  "id": 16136018,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T01:35:06.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/23/ringgit-opens-higher-as-greenback-weakens-amid-ai-investment-concerns/240257"
  },
  "original_language": "en",
  "account": null,
  "summary": "The ringgit opened higher on October 23 as the US dollar weakened, driven by concerns over artificial intelligence (AI)-related investments. At 8 am, the currency rose to 4.0785/0855 against the greenback from the previous close of 4.0815/0850. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid attributed the concerns to investors' doubts about AI investments generating timely returns, while also noting that the likelihood of a Federal Reserve interest rate hike is diminishing due to falling US Treasury yields. Despite this positive movement, the ringgit is expected to maintain a narrow range as market sentiment remains defensive.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "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",
        "published": "2026-10-23T00:36:00.000Z"
      },
      {
        "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"
      }
    ]
  },
  "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."
}