{
  "id": 2691240,
  "title": "Ringgit poised to see profit-taking after this week's strong rally",
  "url": "https://urgent.news/2026/08/23/ringgit-poised-to-see-profit-taking-after-this-weeks-strong-rally",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T01:11:19.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/08/1516889/ringgit-poised-see-profit-taking-after-weeks-strong-rally"
  },
  "original_language": "en",
  "account": null,
  "summary": "The ringgit is anticipated to undergo profit-taking next week after a strong rally over the past six trading days, according to Kenanga Research. The local note concluded at 4.0365/0405 to the US dollar on Friday, and the sharp rally and oversold conditions this week present an opportunity for profit-taking if the US Federal Reserve chair, Kevin Warsh, delivers less dovish guidance at the Jackson Hole Symposium on Aug 27-29. Investors will be closely monitoring the Fed's policy decision at the upcoming Federal Open Market Committee meeting on Sept 15-16. The US dollar/ringgit is expected to trade within the range of 4.04-4.06, with a possible early corrective bounce before the ringgit's strength resumes. On a Friday-to-Friday basis, the ringgit rose against the greenback to 4.0365/0405 from 4.0840/0885 a week earlier, and traded mostly higher against a basket of major currencies during the week.",
  "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."
}