Ringgit Weakens Against US Dollar Amid Interest Rate Hike Debate

The Malaysian ringgit fell against the US dollar on Friday as investors closely monitored the debate over potential interest rate hikes in the United States.

This comes ahead of the Federal Open Market Committee meeting scheduled for September 15 and 16, which could impact global markets.

Although the US Federal Reserve has kept interest rates unchanged so far in 2026, hawkish remarks by Fed Chair Kevin Warsh at the Jackson Hole symposium have increased expectations of a rate hike this month.