# Ringgit ends slightly lower against greenback amid West Asia tensions, US tariffs | The Star

> The ringgit ended slightly lower against the dollar on July 24, trading within a narrow band of 4.0890 to 4.0977. The Ministry of Investment, Trade and Industry said a 10% forced-labour-related US tariff on Malaysian exports took effect that day, replacing a temporary Section 122 tariff. Crude oil rose on renewed US-Iran escalation.

- Date: 2026-07-24 · published 2026-07-24T12:00:00.000Z
- Category: trade · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/18626-ringgit-ends-slightly-lower-against-greenback-amid-west-asia-tensions-us
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A new US tariff on Malaysian exports can hit regional trade flows and sentiment, and it adds to dollar demand. Higher oil prices feed through to fuel and freight costs for feed importers.

## Read by commodity

- WTI: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-15 | [Ahead of the Open \| Grain market extends pullback overnight - Pro Farmer](https://feedsoft.ai/events/9304-ahead-of-the-open-grain-market-extends-pullback-overnight-pro-farmer.md) | -4.4% | -15.6% |
| WTI | 2025-07-31 | [Asia steps up US WTI oil imports as Middle East prices rise, sources say \| MarketScreener](https://feedsoft.ai/events/23933-asia-steps-up-us-wti-oil-imports-as-middle-east-prices-rise-sources-say.md) | -8.0% | -9.0% |
| WTI | 2025-01-30 | [Mexican Peso dives as Trump tariffs comments boost US Dollar](https://feedsoft.ai/events/26724-mexican-peso-dives-as-trump-tariffs-comments-boost-us-dollar.md) | -2.1% | -3.2% |
| WTI | 2025-05-09 | [Week in Review: Fuel Prices Climb on Trade Talks and US Supply Strains - Mansfield Energy](https://feedsoft.ai/events/12548-week-in-review-fuel-prices-climb-on-trade-talks-and-us-supply-strains-mansfield.md) | +2.9% | +7.0% |
| WTI | 2025-01-30 | [Canadian dollar hits 5-year low as oil tariff decision looms](https://feedsoft.ai/events/26759-canadian-dollar-hits-5-year-low-as-oil-tariff-decision-looms.md) | -2.1% | -3.2% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/07/24/ringgit-ends-slightly-lower-against-greenback-amid-west-asia-tensions-us-tariffs

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