{
  "id": 3853382,
  "title": "Ringgit opens higher against greenback",
  "url": "https://urgent.news/2026/08/28/ringgit-opens-higher-against-greenback",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T00:38:24.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/28/ringgit-opens-higher-against-greenback-24"
  },
  "original_language": "en",
  "account": "The ringgit opened higher against the US dollar on Friday, according to an analyst. At 8:01 am, the local currency reached 4.0255/4.0345 against the greenback, up from Thursday's close of 4.0305/4.0350. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid suggested that market participants will remain cautious, watching the tone adopted by US policymakers at the Jackson Hole Symposium. He noted that the focus would be on what US Fed chair Kevin Warsh describes as the current economic and market conditions, potentially remaining uninformative about a forward-looking view. Afzanizam predicts the ringgit will remain in a narrow range for today. The currency traded higher against a basket of major currencies, but declined against the British pound. It appreciated versus the Japanese yen and euro, and also rose against regional currencies like the Singapore dollar, Indonesian rupiah, and Thai baht. However, the local note remained flat against the Philippine peso.",
  "summary": "Market participants are likely to remain watchful of the tone adopted by the policymakers at the Jackson Hole symposium, particularly comments from US Fed officials, says an analyst.",
  "key_points": [
    "Ringgit opens higher against US dollar at 4.0255/4.0345",
    "Market cautious, watching US policymakers at Jackson Hole Symposium",
    "Ringgit remains in narrow range today"
  ],
  "editors_take": "The ringgit's gain against the US dollar and some other currencies signals cautious optimism, but its narrow expected trading range suggests market participants are waiting for more information before making significant moves.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Ringgit opens higher against greenback",
        "url": "https://urgent.news/2026/08/28/ringgit-opens-higher-against-greenback-3853872",
        "published": "2026-08-28T00:38:24.000Z"
      }
    ]
  },
  "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."
}