Ringgit opens lower vs greenback amid higher oil prices, Fed rate hike bets
Photo: New Straits Times
KUALA LUMPUR: The ringgit opened lower against the US dollar on Wednesday amid higher Brent crude oil prices, which heightened inflation concerns, boosting expectations of a US Federal Reserve (Fed) rate hike, said an analyst.
From the original report
At 8am, the local currency eased to 4.0380/0445 against the greenback from Tuesday's close of 4.0370/0410.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the resumption of military attacks between the United States (US) and Iran, which pushed Brent crude oil prices higher, remained the main focus among traders and investors as geopolitical risks continued to take centre stage.
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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
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- New Straits Times
- Originally published
- Sep 2, 2026
- Updated here
- Sep 2, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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