Petaling Jaya, 18 September 2026 – The ringgit’s near-term direction remains closely tied to US interest-rate expectations and Treasury yields, with economists warning of continued volatility following the Federal Reserve’s increase in its benchmark range to 3.75%–4.00%.
OCBC foreign-exchange strategist Christopher Wong said the currency’s weaker opening on Thursday partly reflected a catch-up after the Malaysia Day holiday, as well as a firmer dollar and higher US yields. He said the immediate pressure was largely external, while Malaysia’s relatively sound macroeconomic backdrop could offer some support beyond the near term.
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