# Hawkish Fed bets, oil shock set to sustain ringgit showing | The Star

> Kenanga Investment Bank expects the ringgit to trade around 4.00 against the dollar in the coming week. It attributes the currency's fading outperformance to a late-cycle correction, with Brent near US$100 a barrel raising US inflation concerns. The bank expects the Fed to remain restrictive until the fourth quarter of 2026.

- Date: 2026-03-29 · published 2026-03-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/20418-hawkish-fed-bets-oil-shock-set-to-sustain-ringgit-showing-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a restrictive Fed and high oil keep the dollar firm, raising the local cost of dollar-priced feed imports.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-17 | [Dollar rises with bets on hawkish Fed; sterling drops \| Reuters](https://feedsoft.ai/events/38594-dollar-rises-with-bets-on-hawkish-fed-sterling-drops-reuters.md) | +0.4% | -0.6% |
| DXY | 2026-06-18 | [US dollar rally builds as hawkish Fed meeting stokes rate-hike bets \| The Straits Times](https://feedsoft.ai/events/11517-us-dollar-rally-builds-as-hawkish-fed-meeting-stokes-rate-hike-bets-the-straits.md) | +1.4% | +1.0% |
| DXY | 2026-06-19 | [Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside](https://feedsoft.ai/events/11518-euro-steadies-as-the-us-dollar-eases-but-hawkish-fed-bets-limit-upside.md) | +0.4% | +0.1% |
| DXY | 2019-07-31 | [The Loonie plunges following a "hawkish rate cut" by the U.S. Fed - OFX (CA)](https://feedsoft.ai/events/58339-the-loonie-plunges-following-a-hawkish-rate-cut-by-the-u-s-fed-ofx-ca.md) | +0.9% | +1.8% |
| DXY | 2018-02-05 | [Hawkish Fed, strong dollar jolt Korean markets - The Korea Herald](https://feedsoft.ai/events/66721-hawkish-fed-strong-dollar-jolt-korean-markets-the-korea-herald.md) | +1.1% | +0.6% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/03/30/hawkish-fed-bets-oil-shock-set-to-sustain-ringgit-showing

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