# Ringgit Gains on US Data Miss, but Fed Hike Bets Keep Dollar Supported

> The ringgit closed at 4.0835 per US dollar on July 31, up from 4.0875, after US second-quarter GDP grew 1.5% against a 2.1% forecast. The PCE inflation index eased to 3.7% in June. Markets still priced a Federal Reserve rate hike in September, which limited the dollar's decline.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/18623-ringgit-gains-on-us-data-miss-but-fed-hike-bets-keep-dollar-supported
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer US data set weakens the dollar, which lowers the ringgit cost of dollar-priced commodity imports for Malaysia. The lingering September hike bets cap that move and keep the dollar firm for dollar-denominated feed prices.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-14 | [Ringgit ends higher against US dollar on softer US CPI data](https://feedsoft.ai/events/38498-ringgit-ends-higher-against-us-dollar-on-softer-us-cpi-data.md) | +0.2% | -2.0% |
| DXY | 2025-09-17 | [BernamaBiz - Ringgit Opens Higher Against Us Dollar On Softer Fed Outlook](https://feedsoft.ai/events/23163-bernamabiz-ringgit-opens-higher-against-us-dollar-on-softer-fed-outlook.md) | +0.4% | +1.5% |
| DXY | 2023-11-15 | [Ringgit Gains Ground As US Dollar Weakens On Lower-Than-Expected CPI Data](https://feedsoft.ai/events/33435-ringgit-gains-ground-as-us-dollar-weakens-on-lower-than-expected-cpi-data.md) | -0.9% | -0.2% |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |
| DXY | 2021-12-17 | [Ringgit opens lower against US dollar](https://feedsoft.ai/events/43870-ringgit-opens-lower-against-us-dollar.md) | -0.2% | -0.8% |

## Sources

- briefasia.com: https://www.briefasia.com/en/article/ringgit-gains-us-data-miss-fed-hike-bets-dollar-supported

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.