{
  "id": 656878,
  "title": "Ringgit ends higher vs US dollar ahead of US inflation data",
  "url": "https://urgent.news/2026/08/12/ringgit-ends-higher-vs-us-dollar-ahead-of-us-inflation-data-656878",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T10:56:53.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/08/12/ringgit-ends-higher-vs-us-dollar-ahead-of-us-inflation-data/231112"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Aug 12 — The Malaysian ringgit closed higher against the US dollar today, ahead of the upcoming release of the US Consumer Price Index (CPI) report for July. The ringgit surged to 4.0835/0875 against the greenback by 6 pm, from yesterday's close of 4.0905/0940. Bank Muamalat Malaysia Bhd chief economist, Dr Mohd Afzanizam Abdul Rashid, attributed the strength of the ringgit to market participants being cautious due to the imminent US CPI data release. According to consensus estimates, the July CPI inflation rate could be around 3.4% compared to 3.5% in June. Mohd Afzanizam suggested that higher-than-expected inflation could result in a stronger US dollar. Despite the ringgit's rise, some currencies were mixed against the US dollar. The local currency also performed well against other major currencies, such as the Japanese yen, euro, British pound, Singapore dollar, Philippine peso, and Indonesian rupiah.",
  "summary": "KUALA LUMPUR, Aug 12 — The ringgit finished higher against the greenback today ahead of the release later ton...",
  "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."
}