{
  "id": 16824492,
  "title": "Ringgit extends gains for eighth straight trading day, opens at 4.0855 against US dollar",
  "url": "https://urgent.news/2026/10/28/ringgit-extends-gains-for-eighth-straight-trading-day-opens-at-4-0855",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T00:54:20.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/28/ringgit-extends-gains-for-eighth-straight-trading-day-opens-at-40855-against-us-dollar/240846"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Oct 28 — The Malaysian ringgit has continued its upward trend for the eighth straight trading day, opening at 4.0855 against the US dollar. This gain is attributed to sustained optimism in the financial market, particularly driven by the artificial intelligence (AI) theme, which has bolstered global equities and provided support to the Malaysian currency. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid stated that the ringgit is likely to remain within a narrow range as traders assess external developments before determining their trading direction. The local currency is expected to fluctuate between RM4.07 and RM4.08 against the US dollar today. The ringgit also exhibited strength against other major currencies, including the British pound, Japanese yen, and euro. However, it showed mixed performance when compared to its Asean counterparts, such as the Singapore dollar, Thai baht, Indonesian rupiah, and Philippine peso.",
  "summary": "KUALA LUMPUR, Oct 28 — The ringgit opened higher against the US dollar for the eighth consecutive trading day toda...",
  "key_points": [
    "Malaysian ringgit gains eighth straight day, opens at 4.0855 vs US dollar",
    "AI theme drives optimism in global equities, supports currency",
    "Ringgit expected to fluctuate between RM4.07 and RM4.08 today"
  ],
  "editors_take": "The ringgit's extended streak reflects how global enthusiasm for artificial intelligence themes can provide unexpected tailwinds for local currencies amidst broader market optimism.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Ringgit rises against US dollar for eighth straight day",
        "url": "https://urgent.news/2026/10/28/ringgit-rises-against-us-dollar-for-eighth-straight-day-16829107",
        "published": "2026-10-28T00:31:00.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Ringgit opens higher against US dollar for eight consecutive trading days",
        "url": "https://urgent.news/2026/10/28/ringgit-opens-higher-against-us-dollar-for-eight-consecutive-trading",
        "published": "2026-10-28T00:38:56.000Z"
      }
    ]
  },
  "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."
}