# Ringgit owes its surge to forces well beyond US dollar's weakness - The Business Times

> Analysis by Bloomberg found that only about a quarter of the ringgit's 12% annual gain comes from macro factors such as risk sentiment and the dollar. The rest is attributed to foreign direct investment, especially in data centres, growth momentum, and fiscal consolidation.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/21324-ringgit-owes-its-surge-to-forces-well-beyond-us-dollar-s-weakness-the-business
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Fundamental, investment-driven ringgit strength is more durable than dollar-driven moves, suggesting a sustained firmer ringgit that raises local-currency costs for Malaysian palm oil exports.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/ringgit-owes-its-surge-forces-well-beyond-us-dollars-weakness

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