# Ringgit ends higher against US dollar on renewed risk appetite

> The ringgit closed higher against the US dollar on May 29, at 3.9625/9670 compared with 3.9770/9805 the previous day, as the truce news boosted risk appetite. WTI and Brent crude traded near US$88 and US$93 per barrel after retreating.

- Date: 2026-06-01 · published 2026-06-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/19535-ringgit-ends-higher-against-us-dollar-on-renewed-risk-appetite
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Softer crude reduces energy-linked support for vegetable oils and biofuel feedstocks, while the firmer ringgit can weigh on Malaysian palm oil in local currency terms.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-27 | [Ringgit extends gains against US dollar in early session \| FMT](https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt.md) | +37.1% | -32.8% |
| WTI | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -5.0% | -5.3% |
| WTI | 2020-05-28 | [Ringgit eases against USD](https://feedsoft.ai/events/53392-ringgit-eases-against-usd.md) | +13.8% | +15.7% |
| WTI | 2018-02-22 | [Feb 22: Ringgit slips against US dollar for fourth consecutive day](https://feedsoft.ai/events/66757-feb-22-ringgit-slips-against-us-dollar-for-fourth-consecutive-day.md) | -0.3% | +5.5% |
| WTI | 2019-01-29 | [How the rupee strengthened against the U.S. dollar - The Hindu](https://feedsoft.ai/events/61356-how-the-rupee-strengthened-against-the-u-s-dollar-the-hindu.md) | +5.2% | +6.8% |
| BRENT | 2021-07-26 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46327-ringgit-ends-lower-against-us-dollar-malay-mail.md) | +3.4% | -12.3% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/05/29/ringgit-ends-higher-against-us-dollar-on-renewed-risk-appetite

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