# Ringgit closes higher against major currencies | The Star

> The ringgit closed higher at 4.2060/2130 against the US dollar on June 30, buoyed by improved regional sentiment. Analysts cited the US-China framework deal and expectations of more aggressive Fed rate cuts.

- Date: 2025-06-30 · published 2025-06-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/24461-ringgit-closes-higher-against-major-currencies-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness and easing trade tensions support Asian currencies and emerging-market risk appetite, which can modestly firm Malaysian palm oil prices in USD terms.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-08-06 | [Ringgit falls to 2018 low as Asia currencies weaken \| The Star](https://feedsoft.ai/events/63778-ringgit-falls-to-2018-low-as-asia-currencies-weaken-the-star.md) | +1.8% | +0.9% |
| 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% |
| 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 | 2024-04-08 | [Ringgit sole regional currency to strengthen against USD since Feb 26: BNM  \| Scoop](https://feedsoft.ai/events/31020-ringgit-sole-regional-currency-to-strengthen-against-usd-since-feb-26-bnm-scoop.md) | -1.3% | -10.7% |
| PALMOIL | 2017-06-29 | [Report: Ringgit strongest currency in Asia \| Malaysiakini](https://feedsoft.ai/events/70757-report-ringgit-strongest-currency-in-asia-malaysiakini.md) | +3.1% | +4.2% |
| DXY | 2025-12-24 | [How The Ringgit And Major Currencies Will Perform In 2026](https://feedsoft.ai/events/21788-how-the-ringgit-and-major-currencies-will-perform-in-2026.md) | +0.0% | -0.7% |
| DXY | 2020-04-30 | [Ringgit opens higher against USD](https://feedsoft.ai/events/53929-ringgit-opens-higher-against-usd.md) | +0.7% | -1.4% |
| DXY | 2023-07-27 | [Ringgit opens stronger versus US dollar, major currencies](https://feedsoft.ai/events/35323-ringgit-opens-stronger-versus-us-dollar-major-currencies.md) | +1.2% | +1.9% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2025/06/30/ringgit-closes-higher-against-major-currencies-asean-peers
- thestar.com.my: https://www.thestar.com.my/business/business-news/2025/07/01/ringgit-closes-higher-against-major-currencies

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