Kuala Lumpur, 19 September 2026 – The ringgit is expected to trade within a narrow RM4.06-to-RM4.09 range against the US dollar in the coming week as currency markets listen for guidance from Federal Reserve officials and assess whether higher fuel prices will reinforce inflation concerns. The forecast points to cautious rather than disorderly trading, with rate expectations remaining the principal external driver.
The latest Federal Reserve projections indicate another 25-basis-point increase could occur this year. Markets will therefore examine public remarks by policymakers for their degree of conviction, the conditions required for another move and the weight given to energy-driven inflation. Even without a formal policy meeting, shifts in language can change Treasury yields and demand for the dollar, producing immediate consequences for Asian currencies.
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