# Ringgit dips on Fed rate hike but strengthens against euro, yen, pound

> Malaysian ringgit weakens against dollar but gains on euro, yen and pound after Fed rate hike
- Title: Ringgit dips on Fed rate hike but strengthens against euro…
- Summary: Malaysian ringgit weakens against dollar but gains on euro, yen and pound after Fed rate hike Ringgit closed mixed against major currencies following US Fed…
- Keywords: ringgit, us dollar, euro, yen, pound, fed rate hike, bank of japan, malaysia, news, world, dips, Fed
- Source: Malay Mail — https://malaymail.com/news/money/2026/09/17/ringgit-slips-against-us-dollar-but-gains-on-euro-yen-and-pound-as-markets-digest-us-fed-rate-hike/235566
- Published: 2026-09-17T19:45:33+00:00
- Read time: 1 min
- Topics: ringgit, us dollar, euro, yen, pound, fed rate hike, bank of japan, malaysia, news, world
## Fed rate hike impact
Ringgit closed mixed against major currencies after US Federal Reserve raised rates to 3.75-4.00%.
## Ringgit vs dollar
Ringgit fell to 4.0965/1010 against dollar from 4.0835/0880 the previous day.
## Ringgit vs euro
Ringgit rose to 4.7003/7055 against euro from 4.7111/7163 the previous day.
## Ringgit vs yen
Ringgit rose to 2.6305/6336 against yen from 2.6366/6396 the previous day.
## Ringgit vs pound
Ringgit advanced to 5.4877/4937 against pound from 5.5037/5098 the previous day.
## Market expectations
Analysts expect Bank of Japan to raise rates by 25 basis points as markets digest Fed's move.
## Key takeaway

Ringgit closed mixed against major currencies following US Fed rate decision