{
  "id": 4756243,
  "title": "Ringgit opens lower amid elevated US Treasury yields",
  "url": "https://urgent.news/2026/09/01/ringgit-opens-lower-amid-elevated-us-treasury-yields-4756243",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T00:32:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/01/ringgit-opens-lower-amid-elevated-us-treasury-yields"
  },
  "original_language": "en",
  "account": "On Tuesday, the Malaysian ringgit opened weaker against the US dollar due to higher US Treasury yields and uncertainty surrounding the Federal Reserve's interest rate outlook, according to an analyst. By 8am, the local currency had weakened to 4.0300/4.0350 against the greenback, down from last Friday's close of 4.0230/4.0270.\n\nBank Muamalat Malaysia Bhd chief economist Afzanizam Rashid explained that the persistent rise in the 30-year US Treasury bond yield to 5.25% has fueled this shift. The expectation of the Federal Reserve maintaining a cautious stance on interest rates during their meeting on September 15-16 has added to this downward pressure. Rashid pointed to Fed Chairman Kevin Warsh's speech at the Jackson Hole Symposium, where he explicitly stated that inflation remains high while the labor market remains strong, further indicating a potential need for rate hikes.\n\nLooking ahead, Afzanizam emphasized that the focus would be on the release of Nonfarm Payroll (NFP) data, with consensus estimates suggesting a recovery of 58,000 jobs in August following a loss of 23,000 the previous month. Additionally, he noted that the ringgit is expected to remain cautious against the US dollar due to the resumption of military clashes between the US and Iran, which has driven Brent crude prices to US$90.49 per barrel.\n\nDespite trading mostly higher against a basket of major currencies, the ringgit displayed mixed performances against other currencies. It strengthened against the British pound and euro but depreciated against the Japanese yen. However, it weakened against regional currencies, falling against the Singapore dollar and remaining flat against the Philippine peso.",
  "summary": "The local currency eases to 4.0300/4.0350 on uncertainty over the US Federal Reserve’s interest rate outlook.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Ringgit opens lower amid elevated US Treasury yields",
        "url": "https://urgent.news/2026/09/01/ringgit-opens-lower-amid-elevated-us-treasury-yields-4760605",
        "published": "2026-09-01T00:32:00.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Ringgit slips as US Treasury yields rise, Fed outlook weighs",
        "url": "https://urgent.news/2026/09/01/ringgit-slips-as-us-treasury-yields-rise-fed-outlook-weighs",
        "published": "2026-09-01T00:49:34.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Ringgit opens lower amid elevated US treasury yields",
        "url": "https://urgent.news/2026/09/01/ringgit-opens-lower-amid-elevated-us-treasury-yields",
        "published": "2026-09-01T00:56:37.000Z"
      }
    ]
  },
  "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."
}