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The ringgit opened at 4.0800/0885 per dollar on July 31, stronger than the prior close, as the US Dollar Index fell 1.01% to 99.864. US second-quarter GDP growth of 1.5% came in below the 2.1% consensus.
Bank Muamalat's chief economist said falling US petrol prices and easing inflation could weigh on the dollar further.
A weaker dollar index lowers the local-currency cost of US-priced grains and oilseeds for Asian buyers. The effect is modest because the Fed's policy stance has not changed.
malaymail.comJul 31, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
