# Ringgit slips against US dollar as US Fed flags inflation worries

> The ringgit opened lower against the US dollar on May 29 at 4.2300 as the Federal Open Market Committee minutes signalled that stagflation risks could delay Fed rate cuts this year. The US Dollar Index rose 0.36 percent to 99.875, and an analyst expects the Fed to revise its forecasts downward at the June meeting.

- Date: 2025-06-01 · published 2025-06-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/24948-ringgit-slips-against-us-dollar-as-us-fed-flags-inflation-worries
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Delayed Fed easing supports the dollar, a headwind for dollar-priced commodities and a modest bearish factor for palm oil and other ringgit-linked export values.

## Read by commodity

- DXY: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-29 | [Ringgit slips against US Dollar as fed seen delaying rate cuts](https://feedsoft.ai/events/24947-ringgit-slips-against-us-dollar-as-fed-seen-delaying-rate-cuts.md) | -0.8% | -1.9% |
| DXY | 2022-06-01 | [Ringgit opens lower against US dollar amid feats of accelerating inflation \| Malay Mail](https://feedsoft.ai/events/41235-ringgit-opens-lower-against-us-dollar-amid-feats-of-accelerating-inflation.md) | +0.3% | +2.4% |
| DXY | 2023-04-26 | [Ringgit slips further against US dollar in tandem with regional currencies \| Malay Mail](https://feedsoft.ai/events/36678-ringgit-slips-further-against-us-dollar-in-tandem-with-regional-currencies.md) | -0.0% | +0.6% |
| DXY | 2018-11-13 | [Ringgit ends lower against US dollar \| FMT](https://feedsoft.ai/events/62311-ringgit-ends-lower-against-us-dollar-fmt.md) | -0.4% | -0.2% |
| DXY | 2024-08-30 | [US dollar rises broadly as inflation data underpins smaller Fed cut](https://feedsoft.ai/events/28980-us-dollar-rises-broadly-as-inflation-data-underpins-smaller-fed-cut.md) | +0.2% | -0.9% |
| PALMOIL | 2025-05-29 | [Ringgit slips against US Dollar as fed seen delaying rate cuts](https://feedsoft.ai/events/24947-ringgit-slips-against-us-dollar-as-fed-seen-delaying-rate-cuts.md) | +2.7% | +3.9% |
| PALMOIL | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | +1.1% | -0.4% |
| PALMOIL | 2024-12-19 | [Ringgit declines to RM4.50 against greenback over US rate cuts \| Malaysiakini](https://feedsoft.ai/events/27221-ringgit-declines-to-rm4-50-against-greenback-over-us-rate-cuts-malaysiakini.md) | -0.1% | -11.2% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2025/05/29/ringgit-slips-against-us-dollar-as-us-fed-flags-inflation-worries/178518

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