# Ringgit outperforms major currencies after weaker US consumption data cools Fed hike bets | Malay Mail

> The ringgit strengthened against the US dollar on June 26 after weaker-than-expected US consumer spending data reduced Fed rate hike expectations. The currency also outperformed other major currencies and ASEAN peers that day.

- Date: 2026-06-26 · published 2026-06-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/19068-ringgit-outperforms-major-currencies-after-weaker-us-consumption-data-cools-fed
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower US yields and reduced hike bets ease pressure on emerging Asian currencies, lowering the local cost of dollar-priced imports. The move reflects shifting Fed expectations rather than a change in Malaysia's fundamentals.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-28 | [Ringgit rebounds after two-day slide on Fed rate cut bets and key US data in focus \| Malay Mail](https://feedsoft.ai/events/23582-ringgit-rebounds-after-two-day-slide-on-fed-rate-cut-bets-and-key-us-data-in.md) | +0.0% | -0.2% |
| DXY | 2025-12-24 | [How The Ringgit And Major Currencies Will Perform In 2026](https://feedsoft.ai/events/21788-how-the-ringgit-and-major-currencies-will-perform-in-2026.md) | +0.0% | -0.7% |
| DXY | 2023-07-27 | [Ringgit opens stronger versus US dollar, major currencies](https://feedsoft.ai/events/35323-ringgit-opens-stronger-versus-us-dollar-major-currencies.md) | +1.2% | +1.9% |
| DXY | 2026-07-31 | [Ringgit Gains on US Data Miss, but Fed Hike Bets Keep Dollar Supported](https://feedsoft.ai/events/18623-ringgit-gains-on-us-data-miss-but-fed-hike-bets-keep-dollar-supported.md) | -0.1% | -1.1% |
| DXY | 2023-07-13 | [Fund Investors Bet Against US Dollar After Fed Rate Hikes, Currency Weakening - Bloomberg](https://feedsoft.ai/events/9982-fund-investors-bet-against-us-dollar-after-fed-rate-hikes-currency-weakening.md) | -0.2% | +1.6% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/06/26/ringgit-outperforms-major-currencies-after-weaker-us-consumption-data-cools-fed-hike-bets/225341

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