{
  "id": 3967847,
  "title": "Ringgit ends higher ahead of Fed chair's Jackson Hole remarks",
  "url": "https://urgent.news/2026/08/28/ringgit-ends-higher-ahead-of-fed-chairs-jackson-hole-remarks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T12:46:45.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/08/1520898/ringgit-ends-higher-ahead-fed-chairs-jackson-hole-remarks"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR - The Malaysian ringgit concluded the trading day on a higher note against the US dollar and other major currencies ahead of Federal Reserve Chair Kevin Warsh's speech at the upcoming Jackson Hole Symposium. The ringgit surged to 4.0230/0270 against the US dollar, up from Thursday's close of 4.0305/0350. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid suggested that traders would closely observe Warsh's speech for any hints regarding the Federal Reserve's policy stance for the upcoming Federal Open Market Committee (FOMC) meeting on September 15-16. Dr Rashid indicated that the Fed chairman is likely to emphasize its primary objectives of price stability and maximum employment, leaving the future trajectory of interest rates ambiguous. The Jackson Hole symposium, held from August 27-29, attracts investor attention as a potential indicator of the Fed's forthcoming interest rate decisions. A hint of a rate cut could exert downward pressure on the US dollar, thereby bolstering the ringgit. Quintex Intel global strategist Stephen Innes expressed uncertainty about the content of Warsh's remarks at the symposium, stating that no significant developments were expected. If Innes's assessment holds true, the ringgit could experience a gradual appreciation, bolstered by favorable forex trading conditions and a relatively stable global risk sentiment. Innes noted that the Jackson Hole event often generates headlines but historically only becomes a major FX event when the Fed chair delivers a clear policy signal amidst an uncertain market environment. This year, such conditions seem to be present, explaining traders' reluctance to adopt strong directional positions prior to Warsh's speech. The ringgit also showed gains against other major currencies, including the Japanese yen, British pound, and euro. It rose against the Singapore dollar, strengthened against the Philippine peso, and appreciated against the Thai baht. However, it experienced a slight decline against the Indonesian rupiah.",
  "summary": "KUALA LUMPUR: The ringgit ended higher against the greenback and major currencies on Friday ahead of US Federal Reserve (Fed) Chair Kevin Warsh’s speech at the Jackson Hole Symposium.",
  "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."
}