# Ringgit shows slight gain against US dollar amid Fed meeting anticipation | Malay Mail

> The ringgit closed marginally higher at 4.0875/0915 on July 29 ahead of the FOMC decision. Traders were also weighing elevated crude prices and the possibility of a hawkish Fed tone. Reports said the US military had intercepted Iranian ballistic missiles, which pushed crude higher.

- Date: 2026-07-29 · published 2026-07-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/18625-ringgit-shows-slight-gain-against-us-dollar-amid-fed-meeting-anticipation-malay
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude prices raise energy-driven inflation expectations, which can support the dollar through Fed policy. That in turn pressures Asian currencies and raises import costs for feed inputs priced in dollars.

## Read by commodity

- WTI: bullish ▲
- USDMYR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-12-04 | [Ringgit surges to 4.06 against dollar \| Malay Mail](https://feedsoft.ai/events/67748-ringgit-surges-to-4-06-against-dollar-malay-mail.md) | -1.9% | +3.5% |
| WTI | 2020-12-10 | [Ringgit higher against US dollar at opening \| Malaysia now](https://feedsoft.ai/events/49922-ringgit-higher-against-us-dollar-at-opening-malaysia-now.md) | +5.2% | +14.7% |
| WTI | 2026-04-30 | [Ringgit closes softer against major currencies on oil volatility, US Fed stance \| Malay Mail](https://feedsoft.ai/events/19960-ringgit-closes-softer-against-major-currencies-on-oil-volatility-us-fed-stance.md) | -10.8% | -16.4% |
| WTI | 2024-03-28 | [Canadian dollar gains as data shows economy ‘humming along’ - The Globe and Mail](https://feedsoft.ai/events/31432-canadian-dollar-gains-as-data-shows-economy-humming-along-the-globe-and-mail.md) | +6.4% | +3.2% |
| WTI | 2026-03-23 | [Pound dips against dollar amid mounting expectations of Bank of England rate increase](https://feedsoft.ai/events/20435-pound-dips-against-dollar-amid-mounting-expectations-of-bank-of-england-rate.md) | +2.2% | -8.1% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/07/29/ringgit-shows-slight-gain-against-us-dollar-amid-fed-meeting-anticipation/229466

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