{
  "id": 334707,
  "title": "Ringgit to remain range-bound at 4.07-4.09 against US dollar next week",
  "url": "https://urgent.news/2026/08/09/ringgit-to-remain-range-bound-at-4-07-4-09-against-us-dollar-next-week",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-09T01:00:35.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/08/1507119/ringgit-remain-range-bound-407-409-against-us-dollar-next-week"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Analysts predict the ringgit will remain within a tight range against the US dollar next week, between RM4.07 and RM4.09. Economist Dr Mohd Afzanizam Abdul Rashid from Bank Muamalat Malaysia Bhd attributes this to investor caution regarding US interest rates. The key economic indicators to watch are the US Consumer Price Index (CPI) data on Aug 12, 2026, and Malaysia's Q2 2026 GDP figures on Aug 14, 2026. Dr Afzanizam expects Q2 GDP growth to align with the forecasted 5.8 per cent. Globally, Quintex Intel's Stephen Innes anticipates the ringgit to fluctuate between RM4.0825 and RM4.0975. He suggests that the latest US non-farm payrolls report could indicate a cooling labor market, diminishing concerns of a substantial economic downturn. Even if the payroll data is softer, market participants still believe the US Federal Reserve remains concerned about inflation risks. Consequently, the US dollar may weaken slightly next week, but a significant depreciation seems improbable as long as oil prices remain elevated. Over the past week, the ringgit weakened against most major currencies, dropping to 4.0885/0930 from 4.0835/0875 a week prior. It depreciated against the Japanese yen, euro, British pound, Singapore dollar, Philippine peso, Thai baht, and Indonesian rupiah.",
  "summary": "KUALA LUMPUR: The ringgit is expected to remain range-bound against the US dollar next week, trading between RM4.07 and RM4.09 as investors stay cautious over the direction of the United States interest rates, an analyst said.",
  "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."
}