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Ringgit Closes Lower as Oil Volatility and Fed Signals Drive Safe-Haven Demand

Kuala Lumpur, 30 April 2026 – The ringgit ended lower against the US dollar on Thursday as investors shifted towards safe-haven assets amid volatile crude oil prices and cautious signals from the latest United States Federal Reserve policy decision.

At 6 pm, the local note depreciated to 3.9690/9740 against the greenback, compared with 3.9495/9540 at Wednesday’s close. The softer performance reflected renewed pressure on Asian currencies as markets reassessed the outlook for US interest rates, global inflation and energy-market stability.

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  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.

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