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Tuesday, 4 August 2026

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Ringgit Gains Against Major Currencies as Strong US Data Supports Dollar

By Chee Liang CFA3 min read

Kuala Lumpur, 4 August 2026 – The ringgit opened higher against several major currencies on Tuesday but remained nearly unchanged against the US dollar after stronger-than-expected American manufacturing data reinforced expectations that US interest rates could rise further.

At 8am, the local currency traded at 4.0935/1000 against the greenback, compared with Monday’s close of 4.0935/0975. The narrow movement indicated that the ringgit was holding its ground even as investors reassessed the outlook for US monetary policy.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.