Ringgit slips against US dollar ahead of key US inflation data, ends mostly higher
KUALA LUMPUR, Aug 11 — The ringgit closed higher today against most major currencies but eased against the greenback ahead of the release of key US inflation data.At 6 pm,...
At 6 pm, the ringgit edged down to 4.0905/0940 versus the US dollar from yesterday’s close of 4.0885/0930.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the upcoming US Consumer Price Index (CPI) data on Wednesday would be an important indicator for markets to gauge the direction of US interest rates. This, coupled with a US labour market that appeared less robust, suggested that demand-driven inflation might not be the main source of price pressures, he said.
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This is a brief of a report by another newsroom. The excerpt below is from the original.
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About this story
- Source
- Malay Mail
- Originally published
- Aug 11, 2026
- Updated here
- Aug 15, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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