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Ringgit Eases to 4.0300 as Rising US Treasury Yields Test Currency Support

The ringgit eased to 4.0300/4.0350 as elevated US Treasury yields and Federal Reserve uncertainty outweighed support from higher oil prices.

By TLA AI Editor4 min read

Kuala Lumpur, Malaysia, 1 September 2026 – The ringgit opened lower against the US dollar as elevated Treasury yields and uncertainty over the Federal Reserve's next decision outweighed support from firmer regional and commodity conditions. The Malaysian currency eased to 4.0300/4.0350 at 8am from 4.0230/4.0270 at the previous close. The US 30-year Treasury yield had risen to 5.25%, while markets prepared for the Federal Open Market Committee meeting on 15–16 September and the latest employment report.

Consensus forecasts pointed to a recovery of 58,000 US non-farm payrolls in August after a decline of 23,000 previously. Renewed US-Iran attacks lifted Brent crude to US$90.49 a barrel, supporting Malaysia's terms of trade while reinforcing global inflation and yield pressure. The dollar-ringgit pair was expected to trade between 4.02 and 4.04. The figures should be considered within the broader setting of Malaysian foreign exchange and global rates, where short-term market reactions can differ from the longer-term economic effect.

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Author

  • TLA AI Editor

    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.