{
  "id": 16829107,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T00:31:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/28/ringgit-rises-against-us-dollar-for-eighth-straight-day"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: The Malaysian ringgit opened stronger against the US dollar for the eighth straight trading day today, indicating persistent upward momentum in the local currency at market opening. At 8am, the ringgit climbed to 4.0855/4.0915 against the US dollar, up from Tuesday's close of 4.0865/4.0900. Afzanizam Rashid, chief economist at Bank Muamalat Malaysia Bhd, noted that optimism in the financial market, fueled by the artificial intelligence (AI) theme, has maintained dominance in global equities, bolstering the Malaysian currency. Rashid also mentioned that the US Federal Reserve (Fed) is anticipated to maintain the federal funds rate within the range of 3.75% to 4.0%. Consequently, the ringgit is projected to trade within a tight range as traders evaluate external developments to gauge their trading strategies. The local note is expected to fluctuate between RM4.07 and RM4.08 against the US dollar today.\n\nThe ringgit also exhibited a positive trend against a range of major currencies. It strengthened against the British pound, moving from 5.4412/5.4458 to 5.4362/5.4441, advanced versus the Japanese yen from 2.5903/2.5927 to 2.5858/2.5897, and climbed against the euro from 4.5524/4.5563 to 4.5459/4.5526. However, the ringgit displayed mixed performance against its ASEAN counterparts. It slightly increased against the Singapore dollar from 3.1883/3.1913 to 3.1881/3.1932 and edged up against the Thai baht from 12.1010/12.1160 to 12.0884/12.1115. The local currency remained relatively stable against the Indonesian rupiah at 225.0/225.4, and the Philippine peso at 6.36/6.38.",
  "summary": "The local note opens higher at 4.0855/4.0915 as AI-driven optimism in global equities provides support.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "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"
      },
      {
        "outlet": "Malay Mail",
        "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",
        "published": "2026-10-28T00:54:20.000Z"
      }
    ]
  },
  "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."
}