# Ringgit Weakening Amid Hawkish Interest Rate Scenario

> The ringgit traded slightly weaker against the US dollar during the week, within a range of 3.96 to 3.98, according to Kenanga Research. Higher US Treasury yields and firm crude prices supported the dollar amid US-Iran tensions and inflation concerns.

- Date: 2026-05-23 · published 2026-05-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/19537-ringgit-weakening-amid-hawkish-interest-rate-scenario
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Firmer US yields and a stronger dollar tend to pressure dollar-priced commodities, though the direct effect on feed markets from this regional currency report is limited.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-28 | [Ringgit, KLCI down after US interest-rate hike](https://feedsoft.ai/events/63304-ringgit-klci-down-after-us-interest-rate-hike.md) | +0.6% | +1.3% |
| DXY | 2018-09-18 | [Hike in US interest rate to put pressure on ringgit](https://feedsoft.ai/events/63306-hike-in-us-interest-rate-to-put-pressure-on-ringgit.md) | -0.3% | -0.0% |
| DXY | 2025-03-20 | [EUR/USD weakens as Fed sees no rush for interest rate cuts](https://feedsoft.ai/events/25794-eur-usd-weakens-as-fed-sees-no-rush-for-interest-rate-cuts.md) | +0.3% | -2.0% |
| DXY | 2022-08-31 | [Rand weakens against strong dollar as investors digest Fed’s hawkish stance](https://feedsoft.ai/events/40327-rand-weakens-against-strong-dollar-as-investors-digest-fed-s-hawkish-stance.md) | +0.9% | +3.6% |
| DXY | 2026-09-22 | [Fed hawkishness puts Vietnam's dong, inflation and interest rates in focus](https://feedsoft.ai/events/17757-fed-hawkishness-puts-vietnam-s-dong-inflation-and-interest-rates-in-focus.md) | +1.1% | +1.4% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2026/05/23/ringgit-weakening-amid-hawkish-interest-rate-scenario/

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