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Ringgit Opens Higher as Fed Rate Hold Eases Pressure on Asian Currencies

By Chee Liang CFA4 min read

Kuala Lumpur, 30 July 2026 – The ringgit opened higher against the US dollar on Thursday after the Federal Reserve kept its benchmark interest rate unchanged, offering modest relief to emerging Asian currencies following a period of sustained dollar strength.

The Malaysian currency traded near the RM4.09 level against the greenback in early dealings, building on a cautious recovery as investors assessed the implications of the US central bank’s latest decision. Foreign-exchange activity remained measured, however, as uncertainty over the Fed’s next move kept traders from taking larger positions.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.