# The ringgit rose against almost everything but the dollar

> Oil near US$104 and a market betting on a Fed hike left the ringgit split: stronger across Asia and Europe, weaker against the greenback.
- Title: The ringgit rose against almost everything but the dollar
- Summary: Oil near US$104 and a market betting on a Fed hike left the ringgit split: stronger across Asia and Europe, weaker against the greenback. A weaker…
- Keywords: ringgit, forex, federal reserve, crude oil, malaysia, news, world, rose, against, almost, everything, dollar
- Source: Malay Mail — https://malaymail.com/news/money/2026/09/11/ringgit-eases-against-us-dollar-but-gains-against-most-major-regional-currencies/234856
- Published: 2026-09-11T18:35:10+00:00
- Read time: 1 min
- Topics: ringgit, forex, federal reserve, crude oil, malaysia, news, world
## Stronger, except where it counts
On September 11 the ringgit gained against most major and regional currencies. The one exception was the US dollar, which is the rate everyone watches.
## The number that moved
At 6pm the ringgit slipped to 4.0685/0725 against the greenback, from 4.0630/0670 at Thursday's close. A small move, but the wrong direction.
## Oil pushed past US$104
Bank Muamalat chief economist Mohd Afzanizam Abdul Rashid pointed to the sharp climb in crude, driven by the intensifying conflict involving the US, Israel and Iran.

> Heightened geopolitical tensions had pushed Brent crude oil prices higher to around US$104.64 per barrel.
## A Fed hike, priced in
Traders positioning for a US rate increase gave the dollar a floor. That bid is what dragged the ringgit down on this one pair.

> expectations of an interest rate hike by the Fed have also shaped sentiment in the foreign exchange market
## Everyone waits on Washington
Attention now turns to the Fed's rate decision and its fresh projections for growth, inflation, unemployment and the federal funds rate.
## Gains across the majors
The ringgit firmed to 4.7178/7225 versus the euro, 2.6400/6428 versus the yen, and 5.4961/5015 versus the pound, better on all three than the day before.
## And across Asean
It rose against the Singapore dollar to 3.2091/2125, the Thai baht to 12.3072/3241 and the Indonesian rupiah to 231.0/231.3. Against the Philippine peso it held at 6.49/6.50.
## Key takeaway

A weaker ringgit-dollar rate does not mean a weak ringgit. On September 11 it climbed against every other major and Asean currency it trades with.