{
  "id": 81863,
  "title": "Ringgit falls against US dollar, major currencies as treasury yields rise",
  "url": "https://urgent.news/2026/08/03/ringgit-falls-against-us-dollar-major-currencies-as-treasury-yields",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T10:43:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/03/ringgit-falls-against-us-dollar-major-currencies-as-treasury-yields-rise"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: On Monday, the Malaysian ringgit declined against the US dollar and other major currencies due to rising US Treasury yields and uncertainty surrounding the trajectory of US monetary policy. By 6pm, the local currency slipped to 4.0935/4.0975 against the greenback, down from last Friday's close of 4.0835/4.0875. Investors are monitoring a slew of US economic data releases, including the Job Openings and Labour Turnover Survey (JOLTS), ADP employment data, and the nonfarm payrolls report on August 7. Stephen Innes, managing partner at SPI Asset Management, stated that the forthcoming US labor market data will be crucial in determining whether the US dollar weakens further, with nonfarm payrolls remaining the primary macro risk event for the week. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid noted that the ringgit initially performed strongly against the US dollar, hovering around RM4.0788 in the morning before gradually weakening to RM4.09 in the afternoon. However, he highlighted that the Japanese yen showed significant improvement, with the US dollar-yen pair reaching 156.91 yen, after breaching the 160 yen level in early June, likely due to intervention by Japanese government authorities. US Treasury Secretary Scott Bessent had previously stated on Sunday that the US government was actively engaging in foreign exchange interventions to support the yen's value. The ringgit also underperformed relative to other currencies, depreciating against the Japanese yen, euro, British pound, Thai baht, Indonesian rupiah, Philippine peso, and Singapore dollar during the trading day.",
  "summary": "At 6pm, the local currency eased to 4.0935/4.0975 versus the greenback from last Friday’s close of 4.0835/4.0875.",
  "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."
}