# ASIA FX: Most SEA Weaker Versus USD, PHP To Recor...- 04-28-2026 | MNI

> Most Southeast Asian currencies weakened against the dollar, with USD/PHP nearing 61.00 and USD/IDR near 17,235. The ringgit outperformed. Oil moves and doubts over US-Iran talks were cited as headwinds for regional currencies.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/19963-asia-fx-most-sea-weaker-versus-usd-php-to-recor-04-28-2026-mni
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker regional currencies lower the dollar cost of Asian-origin feed and vegetable oil exports, which can support export flows. Elevated oil prices also raise biofuel feedstock costs.

## Read by commodity

- USDIDR: bullish ▲
- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-08-07 | [Ringgit to remain weaker as US dollar strengthens against most currencies \| Borneo Post Online](https://feedsoft.ai/events/63779-ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies.md) | +0.0% | +2.6% |
| PALMOIL | 2018-08-06 | [Ringgit falls to 2018 low as Asia currencies weaken \| The Star](https://feedsoft.ai/events/63778-ringgit-falls-to-2018-low-as-asia-currencies-weaken-the-star.md) | +1.8% | +0.9% |
| PALMOIL | 2024-09-30 | [Malaysia ringgit gains most among Asian FX, Chinese stocks soar - Markets - Business Recorder](https://feedsoft.ai/events/28585-malaysia-ringgit-gains-most-among-asian-fx-chinese-stocks-soar-markets-business.md) | +9.1% | +9.7% |
| PALMOIL | 2025-05-22 | [MYR/USD: Ringgit May Gain Most in Southeast Asia on Exporter Conversion - Bloomberg](https://feedsoft.ai/events/24945-myr-usd-ringgit-may-gain-most-in-southeast-asia-on-exporter-conversion-bloomberg.md) | -0.1% | +4.6% |
| PALMOIL | 2021-03-07 | [Ringgit likely to stay weak against Asean peers - Omni Capital Partners](https://feedsoft.ai/events/48393-ringgit-likely-to-stay-weak-against-asean-peers-omni-capital-partners.md) | +6.6% | -1.7% |

## Sources

- mnimarkets.com: https://www.mnimarkets.com/articles/most-sea-weaker-versus-usd-php-to-record-lows-myr-outperforms-1777353416548

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