# Ringgit closes softer against major currencies on oil volatility, US Fed stance | Malay Mail

> The ringgit closed weaker against the US dollar at 3.9690/3.9740 and against most major currencies as investors moved to safe havens. WTI rose 1.28% to $108.25 and Brent rose 3.44% to $122.09 per barrel. The FOMC is seen unlikely to cut rates soon.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/19960-ringgit-closes-softer-against-major-currencies-on-oil-volatility-us-fed-stance
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Crude above $100 raises biofuel and freight costs and supports vegetable oil prices. A softer ringgit also makes Malaysian palm oil cheaper for foreign buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDMYR: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-04-30 | [Ringgit closes lower on volatile oil prices \| The Star](https://feedsoft.ai/events/19961-ringgit-closes-lower-on-volatile-oil-prices-the-star.md) | +0.5% | -1.1% |
| PALMOIL | 2022-02-18 | [Ringgit opens higher against US dollar on steady commodity prices](https://feedsoft.ai/events/42965-ringgit-opens-higher-against-us-dollar-on-steady-commodity-prices.md) | +2.8% | +10.5% |
| PALMOIL | 2026-04-30 | [Ringgit dips toward 3.96 versus dollar as global uncertainty mounts \| Malay Mail](https://feedsoft.ai/events/19959-ringgit-dips-toward-3-96-versus-dollar-as-global-uncertainty-mounts-malay-mail.md) | +0.5% | -1.1% |
| PALMOIL | 2021-09-19 | [Ringgit expected to stabilise against the dollar this week](https://feedsoft.ai/events/45320-ringgit-expected-to-stabilise-against-the-dollar-this-week.md) | +1.0% | +12.6% |
| PALMOIL | 2018-02-28 | [Palm oil rises to seven-week top on weaker ringgit \| The Star](https://feedsoft.ai/events/10366-palm-oil-rises-to-seven-week-top-on-weaker-ringgit-the-star.md) | -0.9% | -2.6% |
| WTI | 2026-04-30 | [Ringgit closes lower on volatile oil prices \| The Star](https://feedsoft.ai/events/19961-ringgit-closes-lower-on-volatile-oil-prices-the-star.md) | -10.8% | -16.4% |
| WTI | 2026-07-29 | [Ringgit shows slight gain against US dollar amid Fed meeting anticipation \| Malay Mail](https://feedsoft.ai/events/18625-ringgit-shows-slight-gain-against-us-dollar-amid-fed-meeting-anticipation-malay.md) | -2.7% | +8.2% |
| WTI | 2020-04-22 | [Ringgit closes higher as sentiment on oil improves - Focus Malaysia](https://feedsoft.ai/events/53932-ringgit-closes-higher-as-sentiment-on-oil-improves-focus-malaysia.md) | +33.7% | +249.4% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2026/04/30/ringgit-closes-softer-against-major-currencies-on-oil-volatility-us-fed-stance/218306

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