# Navigating The Volatility Of The Malaysian Ringgit Amid US Fed Policies - BusinessToday

> The ringgit has depreciated 8.5% against the US dollar from September 30 to December 20, closing at 4.5078. Bank Muamalat's chief economist attributes the move to slower-than-expected Fed rate cuts after the December 18 FOMC decision.

- Date: 2024-12-23 · published 2024-12-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/27224-navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies
- 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 reduces the dollar cost of Malaysian palm oil and can weigh modestly on export prices, while a firmer dollar pressures commodity prices broadly.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-03-24 | [Strong US dollar hits Thai baht, Malaysian ringgit hardest among Asean currencies  - The Business Times](https://feedsoft.ai/events/31494-strong-us-dollar-hits-thai-baht-malaysian-ringgit-hardest-among-asean.md) | -0.1% | +1.6% |
| 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 | 2022-07-26 | [Ringgit relatively stable compared to currencies of key trading partners: BNM \| Business \| The Vibes](https://feedsoft.ai/events/40752-ringgit-relatively-stable-compared-to-currencies-of-key-trading-partners-bnm.md) | -0.9% | +0.9% |
| DXY | 2023-09-27 | [Thai baht, Malaysian ringgit lead Asian FX lower on extended dollar strength - Markets - Business Recorder](https://feedsoft.ai/events/34366-thai-baht-malaysian-ringgit-lead-asian-fx-lower-on-extended-dollar-strength.md) | +1.1% | +1.1% |
| DXY | 2024-11-21 | [Dollar pulls ahead as markets focus on Trump policies, Fed outlook - Markets - Business Recorder](https://feedsoft.ai/events/27609-dollar-pulls-ahead-as-markets-focus-on-trump-policies-fed-outlook-markets.md) | -0.0% | +1.4% |
| PALMOIL | 2021-12-06 | [Malaysia Ringgit To Remain At Weaker Levels Through 2022 - BusinessToday](https://feedsoft.ai/events/43876-malaysia-ringgit-to-remain-at-weaker-levels-through-2022-businesstoday.md) | +3.1% | +6.3% |
| PALMOIL | 2016-11-21 | [Malaysia’s ringgit may keep tumbling amid the market's Trump tantrum](https://feedsoft.ai/events/74107-malaysia-s-ringgit-may-keep-tumbling-amid-the-market-s-trump-tantrum.md) | +1.4% | +6.6% |
| 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

- businesstoday.com.my: https://www.businesstoday.com.my/2024/12/23/navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies/

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