{
  "id": 557850,
  "title": "Ringgit higher against major currencies, eases against greenback at close",
  "url": "https://urgent.news/2026/08/11/ringgit-higher-against-major-currencies-eases-against-greenback-at",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T11:21:22.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/08/1509026/ringgit-higher-against-major-currencies-eases-against-greenback"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: The Malaysian ringgit experienced fluctuations against major currencies on Tuesday, closing higher overall but weakening against the US dollar in the final hour. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid attributed the ringgit's movement to the upcoming US Consumer Price Index (CPI) data and signs of a less robust US labor market. He suggested that demand-driven inflation may not be the primary cause of price pressures, implying that monetary tightening may not be necessary to bring US inflation down to its two percent target. By the close of trading, the ringgit strengthened against the Japanese yen, euro, Singapore dollar, Thai baht, Philippine peso, and Indonesian rupiah, while weakening against the British pound.",
  "summary": "KUALA LUMPUR: The ringgit closed higher on Tuesday against most major currencies but eased against the greenback ahead of the release of key US inflation data.",
  "key_points": [
    "Malaysian ringgit fluctuates against major currencies on Tuesday",
    "Ringgit strengthens against Japanese yen, euro, Singapore dollar",
    "Weakens against British pound at close of trading"
  ],
  "editors_take": "The ringgit's movements reflect market anticipation of US economic data, suggesting a shift in expectations around US monetary policy and its implications for global currency trends.",
  "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."
}