# Ringgit soars to nearly six-month high due to weak sentiments over US assets | The Star

> The ringgit rose to its highest level in almost six months against the US dollar on April 21, 2025, trading at 4.3670/3735. Analysts linked the move to concerns over US tariff policy and weaker sentiment toward US assets.

- Date: 2025-04-21 · published 2025-04-21T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/25386-ringgit-soars-to-nearly-six-month-high-due-to-weak-sentiments-over-us-assets
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A stronger ringgit makes Malaysian palm oil more expensive for dollar-based buyers, which can weigh on palm oil prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-07 | [Malaysian ringgit to rally to eight-month high, top banker says - The Business Times](https://feedsoft.ai/events/70761-malaysian-ringgit-to-rally-to-eight-month-high-top-banker-says-the-business.md) | -2.0% | +0.6% |
| PALMOIL | 2018-02-28 | [Palm oil rises to seven-week top on weaker ringgit \| The Star](https://feedsoft.ai/events/10366-palm-oil-rises-to-seven-week-top-on-weaker-ringgit-the-star.md) | -0.9% | -2.6% |
| PALMOIL | 2021-03-08 | [VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters](https://feedsoft.ai/events/6562-vegoils-palm-oil-rises-nearly-4-to-two-month-high-as-crude-soyoil-rally-by.md) | +6.6% | -1.7% |
| PALMOIL | 2021-09-19 | [Ringgit expected to stabilise against the dollar this week](https://feedsoft.ai/events/45320-ringgit-expected-to-stabilise-against-the-dollar-this-week.md) | +1.0% | +12.6% |
| PALMOIL | 2022-02-18 | [Ringgit opens higher against US dollar on steady commodity prices](https://feedsoft.ai/events/42965-ringgit-opens-higher-against-us-dollar-on-steady-commodity-prices.md) | +2.8% | +10.5% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2025/04/21/ringgit-soars-to-nearly-six-month-high-due-to-weak-sentiments-over-us-assets

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