# Ringgit firms up as weaker US dollar, Senate budget plans weigh on greenback | Malay Mail

> The ringgit opened stronger at 4.2190/2365 per US dollar on June 30, extending last week's gains. The US Dollar Index was hovering near 97.15 as the Senate considered tax cuts and reduced Medicaid and clean energy spending.

- Date: 2025-06-30 · published 2025-06-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/24459-ringgit-firms-up-as-weaker-us-dollar-senate-budget-plans-weigh-on-greenback
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A weaker dollar and expected rising US deficits tend to support emerging-market currencies like the ringgit, which affects Malaysian palm oil export pricing in USD terms and palm oil demand for feed-related uses.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-26 | [Ringgit strengthens against US dollar as Fed tariff caution weighs on greenback \| Malay Mail](https://feedsoft.ai/events/24463-ringgit-strengthens-against-us-dollar-as-fed-tariff-caution-weighs-on-greenback.md) | -0.9% | -0.6% |
| DXY | 2026-07-31 | [Ringgit opens higher as cooling US economy takes steam out of greenback \| Malay Mail](https://feedsoft.ai/events/18624-ringgit-opens-higher-as-cooling-us-economy-takes-steam-out-of-greenback-malay.md) | -0.1% | -1.1% |
| DXY | 2021-07-30 | [Ringgit opens marginally higher against US dollar \| Malay Mail](https://feedsoft.ai/events/46328-ringgit-opens-marginally-higher-against-us-dollar-malay-mail.md) | +0.3% | +1.2% |
| DXY | 2020-11-18 | [Sterling pushed up by weaker US dollar, hopes of Brexit deal \| Malay Mail](https://feedsoft.ai/events/50423-sterling-pushed-up-by-weaker-us-dollar-hopes-of-brexit-deal-malay-mail.md) | -0.2% | -2.2% |
| DXY | 2023-11-28 | [Ringgit strengthens against US dollar amid weak US housing data \| Malay Mail](https://feedsoft.ai/events/33430-ringgit-strengthens-against-us-dollar-amid-weak-us-housing-data-malay-mail.md) | +0.2% | -1.1% |
| PALMOIL | 2022-11-30 | [Ringgit ends higher against US dollar on positive China sentiment \| Malay Mail](https://feedsoft.ai/events/38930-ringgit-ends-higher-against-us-dollar-on-positive-china-sentiment-malay-mail.md) | +3.7% | -0.4% |
| PALMOIL | 2022-06-28 | [Ringgit appreciates against US dollar on improved market sentiment \| Malay Mail](https://feedsoft.ai/events/41230-ringgit-appreciates-against-us-dollar-on-improved-market-sentiment-malay-mail.md) | -24.1% | -29.6% |
| 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% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2025/06/30/ringgit-firms-up-as-weaker-us-dollar-senate-budget-plans-weigh-on-greenback/182210

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