# Ringgit opens higher as cooling US economy takes steam out of greenback | Malay Mail

> 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.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/18624-ringgit-opens-higher-as-cooling-us-economy-takes-steam-out-of-greenback-malay
- 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 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.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-29 | [Ringgit rises against the greenback as US economy contracts \| FMT](https://feedsoft.ai/events/40745-ringgit-rises-against-the-greenback-as-us-economy-contracts-fmt.md) | -0.2% | +0.8% |
| DXY | 2025-06-26 | [Ringgit strengthens against US dollar as Fed tariff caution weighs on greenback \| Malay Mail](https://feedsoft.ai/events/24463-ringgit-strengthens-against-us-dollar-as-fed-tariff-caution-weighs-on-greenback.md) | -0.9% | -0.6% |
| DXY | 2021-07-30 | [Ringgit opens marginally higher against US dollar \| Malay Mail](https://feedsoft.ai/events/46328-ringgit-opens-marginally-higher-against-us-dollar-malay-mail.md) | +0.3% | +1.2% |
| DXY | 2022-11-25 | [Ringgit stays at two-month high versus greenback on expectation of slower US interest rate hike \| Malay Mail](https://feedsoft.ai/events/38933-ringgit-stays-at-two-month-high-versus-greenback-on-expectation-of-slower-us.md) | -1.4% | -1.2% |
| DXY | 2025-06-30 | [Ringgit firms up as weaker US dollar, Senate budget plans weigh on greenback \| Malay Mail](https://feedsoft.ai/events/24459-ringgit-firms-up-as-weaker-us-dollar-senate-budget-plans-weigh-on-greenback.md) | -0.0% | +0.8% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/07/31/ringgit-opens-higher-as-cooling-us-economy-takes-steam-out-of-greenback/229643

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