# Ringgit declines to RM4.50 against greenback over US rate cuts | Malaysiakini

> The ringgit fell to 4.5030/5080 against the US dollar on December 19 after the Federal Reserve signalled a slower pace of rate cuts for 2025. Analysts linked the decline to rate differentials and looming US tariffs on China.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/27221-ringgit-declines-to-rm4-50-against-greenback-over-us-rate-cuts-malaysiakini
- 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 ringgit lowers the dollar cost of Malaysian palm oil, a modest bearish influence on vegetable oil and feed prices, while a stronger dollar pressures dollar-denominated commodities.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-29 | [Ringgit continues slide against greenback \| Malay Mail](https://feedsoft.ai/events/46326-ringgit-continues-slide-against-greenback-malay-mail.md) | -0.3% | +0.4% |
| DXY | 2023-04-11 | [Ringgit continues downtrend against greenback ahead of US inflation report \| Malay Mail](https://feedsoft.ai/events/36681-ringgit-continues-downtrend-against-greenback-ahead-of-us-inflation-report.md) | -0.4% | -1.0% |
| 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 | 2022-10-31 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/39386-ringgit-ends-lower-against-us-dollar-malay-mail.md) | -0.1% | -2.8% |
| DXY | 2024-02-15 | [Thai baht, Malaysian ringgit sink to three-month lows against dollar - Nikkei Asia](https://feedsoft.ai/events/31954-thai-baht-malaysian-ringgit-sink-to-three-month-lows-against-dollar-nikkei-asia.md) | -0.2% | -1.0% |
| 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 | 2022-04-20 | [Ringgit touches near two-year low, Asian stocks track Wall St strength \| Malaysiakini](https://feedsoft.ai/events/42105-ringgit-touches-near-two-year-low-asian-stocks-track-wall-st-strength.md) | -1.5% | -2.9% |

## Sources

- staging.malaysiakini.com: https://staging.malaysiakini.com/news/729447-ringgit-declines-to-rm4-50-against-greenback-over-us-rate-cuts

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