{
  "id": 9135732,
  "title": "Ringgit inches up against dollar in cautious trade",
  "url": "https://urgent.news/2026/09/22/ringgit-inches-up-against-dollar-in-cautious-trade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T10:50:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/22/ringgit-inches-up-against-dollar-in-cautious-trade"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: The Malaysian ringgit edged upward against the US dollar on Tuesday, remaining within a tight range amid cautious market sentiment ahead of significant geopolitical events this week. By 6pm, the ringgit reached 4.0730/4.0775 against the greenback, slightly up from Monday’s closing level of 4.0755/4.0800. Afzanizam Abdul Rashid, chief economist at Bank Muamalat Malaysia Bhd, attributed the cautious trading behavior to investors closely watching geopolitical developments, such as the ongoing United Nations General Assembly and the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping scheduled for Thursday. He explained that the recent interest rate increases by key central banks, including the European Central Bank, the US Federal Reserve, and the Bank of Japan, signaled that monetary policy would likely remain aggressive until inflation trends towards the 2% target. Afzanizam also highlighted that the price of Brent crude oil had stayed above US$100 per barrel, underscoring the precarious geopolitical climate. According to him, while the resumption of oil shipments from Saudi Arabia through the Strait of Hormuz offered some market relief from potential shortages, the situation remained far from resolved. The ringgit finished the day higher across a range of major currencies, strengthening against the euro to 4.6705/4.6757 from 4.6783/4.6834, and against the British pound to 5.4452/5.4512 from 5.4542/5.4603. However, it showed a slight decline against the Japanese yen, settling at 2.5958/2.5988 from 2.5916/2.5946. The local currency exhibited mixed performance against its Asean counterparts, depreciating against the Singapore dollar to 3.1955/3.1993, falling against the Thai baht to 12.2847/12.3035, while strengthening against the Indonesian rupiah to 227.7/228.0 and remaining flat against the Philippine peso at 6.49/6.50.",
  "summary": "Investors are monitoring geopolitical developments for their potential impact on the markets, says an analyst.",
  "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."
}