# Ringgit rebounds after two-day slide on Fed rate cut bets and key US data in focus | Malay Mail

> The ringgit ended higher against the US dollar on Thursday, snapping a two-day losing streak, as traders increased bets on a US rate cut in September. The ringgit traded at about 4.2140 per dollar, with the US Dollar Index near 98.17. Investors awaited US second-quarter GDP and July PCE inflation data.

- Date: 2025-08-28 · published 2025-08-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/23582-ringgit-rebounds-after-two-day-slide-on-fed-rate-cut-bets-and-key-us-data-in
- 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 Fed easing weaken the dollar, which tends to support dollar-priced agricultural commodities and palm oil. The move reflects broader dollar sentiment rather than a direct grain supply change.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-26 | [Ringgit outperforms major currencies after weaker US consumption data cools Fed hike bets \| Malay Mail](https://feedsoft.ai/events/19068-ringgit-outperforms-major-currencies-after-weaker-us-consumption-data-cools-fed.md) | -0.3% | -0.3% |
| DXY | 2024-08-02 | [Forecasting the Coming Week: Focus remains on data and rate cut bets](https://feedsoft.ai/events/9289-forecasting-the-coming-week-focus-remains-on-data-and-rate-cut-bets.md) | -0.3% | -1.3% |
| DXY | 2024-10-11 | [South African rand rises after U.S. data fuels Fed rate cut bets \| CNBC Africa](https://feedsoft.ai/events/28156-south-african-rand-rises-after-u-s-data-fuels-fed-rate-cut-bets-cnbc-africa.md) | +0.7% | +2.0% |
| DXY | 2026-07-31 | [Ringgit Gains on US Data Miss, but Fed Hike Bets Keep Dollar Supported](https://feedsoft.ai/events/18623-ringgit-gains-on-us-data-miss-but-fed-hike-bets-keep-dollar-supported.md) | -0.1% | -1.1% |
| DXY | 2025-10-01 | [After The Rate Cut: Investing Beyond U.S. Markets](https://feedsoft.ai/events/22765-after-the-rate-cut-investing-beyond-u-s-markets.md) | +0.3% | +0.3% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2025/08/28/ringgit-rebounds-after-two-day-slide-on-fed-rate-cut-bets-and-key-us-data-in-focus/189238

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