{
  "id": 8585827,
  "title": "Ringgit expected to trade in narrow range against US dollar",
  "url": "https://urgent.news/2026/09/20/ringgit-expected-to-trade-in-narrow-range-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-20T02:02:04.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/09/1536674/ringgit-expected-trade-narrow-range-against-us-dollar"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Analysts predict the ringgit will stay within a narrow range against the US dollar for the upcoming week, as traders focus on speeches by several Federal Reserve officials, a Bank Muamalat Malaysia Bhd economist explained. Dr Mohd Afzanizam Abdul Rashid highlighted that multiple Fed officials are set to share their perspectives with the public, potentially offering insights into their thought process, especially with regards to the possible persistence of higher fuel prices. The US Federal Reserve has forecasted a 25-basis point increase this year, suggesting a cautious approach to the ringgit's movement in the coming months. Consequently, the ringgit-dollar exchange rate is anticipated to remain steady, ranging between RM4.06 and RM4.09 during the week, according to the analyst. On a weekly basis, the ringgit weakened slightly against the US dollar, trading at 4.0795/0840 compared to 4.0685/0725 in the previous week. However, the local currency performed better against major currencies, appreciating against the British pound, Japanese yen, and euro, as well as against several Asean currencies. The ringgit remained mostly higher against these currencies, but weakened against the Philippine peso.",
  "summary": "KUALA LUMPUR: The ringgit is likely to remain range-bound against the US dollar next week, with market attention drawn to speeches by several US Federal Reserve (Fed) officials, an analyst said.",
  "key_points": [
    "Ringgit expected to stay within RM4.06-RM4.09 range against US dollar",
    "Fed officials' speeches to provide insights on higher fuel prices",
    "Ringgit appreciated against GBP, JPY, EUR, Asean currencies"
  ],
  "editors_take": "This forecast suggests a period of relative stability for the ringgit against the US dollar, with implications for Malaysia's economic outlook and trade competitiveness in the region.",
  "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."
}