{
  "id": 2374432,
  "title": "Ringgit climbs to 4.0365 as Malaysian yields rise, US fiscal worries mount",
  "url": "https://urgent.news/2026/08/21/ringgit-climbs-to-4-0365-as-malaysian-yields-rise-us-fiscal-worries",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T11:30:34.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/08/21/ringgit-climbs-to-40365-as-malaysian-yields-rise-us-fiscal-worries-mount/232238"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Aug 21 — The Malaysian ringgit demonstrated a resilient stance against the US dollar despite rising United States Treasury yields, supported by increasing Malaysian yields and worries that recent US bond-market intervention may weaken the greenback. By 6pm, the ringgit climbed to 4.0365/0405 against the US dollar, marking an improvement from Thursday's close of 4.0425/0470. Analyst Stephen Innes from Quintex Intel cautioned that attempts to curb long-term US yields could lead to financial repression, negatively impacting the US dollar. Dr. Mohd Afzanizam Abdul Rashid, chief economist at Bank Muamalat Malaysia Bhd, advised the US government to concentrate on increasing revenue and curbing spending to control the rapid growth of US government debt, surpassing the $40 trillion mark for the first time. He suggested that a buyback program might only provide temporary relief, as markets would eventually reevaluate the US fiscal situation. The ringgit exhibited a positive performance against various major currencies, appreciating against the Japanese yen, British pound, and euro, while showing a mixed trend against regional currencies, such as the Singapore dollar, Philippine peso, Indonesian rupiah, and Thai baht.",
  "summary": "KUALA LUMPUR, Aug 21 — The ringgit ended the week on a strong footing against the US dollar despite higher United...",
  "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."
}