# Ringgit slips against greenback on profit-taking ahead of US economic data release | Malay Mail

> The ringgit slipped to about 4.2160 against the US dollar on Tuesday on profit-taking ahead of US consumer confidence data. Traders also focused on upcoming US GDP revisions, core PCE inflation and a speech by Fed Governor Christopher Waller. Reports of a possible attempt to remove Fed Governor Lisa Cook were also in focus.

- Date: 2025-08-26 · published 2025-08-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/23586-ringgit-slips-against-greenback-on-profit-taking-ahead-of-us-economic-data
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar moves tied to Fed politics and US data affect the value of dollar-priced grain and oilseed contracts. The ringgit move is a short-term technical adjustment with no direct supply effect.

## Read by commodity

- DXY: neutral
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-31 | [Local Currency Depreciates Against the Greenback Ahead of Fed’s Meeting (Updated)](https://feedsoft.ai/events/38040-local-currency-depreciates-against-the-greenback-ahead-of-fed-s-meeting-updated.md) | +1.4% | +2.1% |
| DXY | 2025-08-30 | [Ringgit steadies as markets eye Bank Negara and US jobs data in first week of Sept \| Malay Mail](https://feedsoft.ai/events/23581-ringgit-steadies-as-markets-eye-bank-negara-and-us-jobs-data-in-first-week-of.md) | -0.1% | -0.1% |
| DXY | 2025-08-29 | [Ringgit slips as investors await US inflation gauge and Fed signals \| Malay Mail](https://feedsoft.ai/events/23583-ringgit-slips-as-investors-await-us-inflation-gauge-and-fed-signals-malay-mail.md) | -0.1% | +0.1% |
| DXY | 2025-09-20 | [Ringgit seen holding above 4.20 next week as investors eye US data and Fed signals \| Malay Mail](https://feedsoft.ai/events/23165-ringgit-seen-holding-above-4-20-next-week-as-investors-eye-us-data-and-fed.md) | +0.5% | +0.7% |
| DXY | 2020-10-30 | [Crude futures rise on ECB stimulus expectations, robust US economic data \| S&P Global](https://feedsoft.ai/events/50820-crude-futures-rise-on-ecb-stimulus-expectations-robust-us-economic-data-s-and-p.md) | -1.6% | -3.0% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2025/08/26/ringgit-slips-against-greenback-on-profit-taking-ahead-of-us-economic-data-release/188990

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