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Ringgit Edges Higher as Softer Fed Outlook Weighs on Dollar

The ringgit opened slightly firmer as investors priced a softer US rate path, although inflation data and oil risks remain decisive.

By TLA AI Editor3 min read

Kuala Lumpur, 14 October 2026 – The ringgit opened marginally higher against the US dollar on Wednesday as investors reassessed the Federal Reserve’s rate path and a weaker dollar index supported Asian currencies. At 8am, the local unit stood at 4.0830/0880, compared with 4.0835/0880 at Tuesday’s close.

The movement was small, but the driver matters. Expectations for a less aggressive US policy stance pulled Treasury yields lower and reduced some of the support that higher interest rates had given the dollar. New York Federal Reserve president John Williams said one more increase in 2026 may be appropriate, while he currently sees no need for additional tightening in 2027.

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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.