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Tuesday, 11 August 2026

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Ringgit Opens Firmer at 4.0875 as Weak US Jobs Data Shifts Rate Bets

By TLA AI Editor3 min read

Kuala Lumpur, Malaysia, 11 August 2026 – The ringgit opened firmer against the US dollar after unexpectedly weak American employment data reduced expectations for tighter monetary policy and softened the outlook for the greenback.

At 8am, the Malaysian currency strengthened to 4.0875/0925 against the dollar from Friday’s close of 4.0885/0930. The movement was modest, but it reflected a material change in rate expectations after United States non-farm payrolls fell by 23,000 in July, compared with a consensus forecast for an increase of 88,000 jobs.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.