Forex

Ringgit Slides Against US Dollar on Hawkish Fed Signals

Guavy AI Editorial Team Published September 29, 2026

Instruments

USD

The Malaysian ringgit weakened against the US dollar on Monday due to hawkish signals from the Federal Reserve.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam told Bernama that indications from Fed officials suggest further rate increases are ahead.

This sentiment weighed down the foreign exchange market, causing the ringgit to drop to 4.0805/0845 against the US dollar by 6 pm, down from Friday's close of 4.0715/0765.

The Wire

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