# Asian currencies: Indonesian rupiah, ringgit fall - Business & Finance - Business Recorder

> The Indonesian rupiah and Malaysian ringgit fell to multi-week lows as strong US data reduced expectations of Fed rate cuts and Trump's presidential odds lifted the dollar. The dollar was on track for its sharpest monthly gain in about 2.5 years.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/28133-asian-currencies-indonesian-rupiah-ringgit-fall-business-and-finance-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger dollar and weaker Asian currencies can squeeze importers' purchasing power and tend to weigh on dollar-priced grain and oilseed markets.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-30 | [Asian currencies: Indonesia rupiah hits weakest since early May](https://feedsoft.ai/events/30581-asian-currencies-indonesia-rupiah-hits-weakest-since-early-may.md) | +0.3% | +1.8% |
| DXY | 2023-02-27 | [Indonesia's rupiah charges to the top of Asia's best-performing currencies - The Business Times](https://feedsoft.ai/events/37656-indonesia-s-rupiah-charges-to-the-top-of-asia-s-best-performing-currencies-the.md) | -0.7% | -0.9% |
| DXY | 2024-06-22 | [Asian FX muted on robust dollar - Business & Finance - Business Recorder](https://feedsoft.ai/events/30050-asian-fx-muted-on-robust-dollar-business-and-finance-business-recorder.md) | +0.1% | -0.7% |
| DXY | 2022-10-03 | [Dollar up on euro as quarter ends, commodity led currencies sink - Business & Finance - Business Recorder](https://feedsoft.ai/events/9336-dollar-up-on-euro-as-quarter-ends-commodity-led-currencies-sink-business-and.md) | -0.2% | +0.1% |
| DXY | 2021-06-29 | [Dollar rises broadly in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/46810-dollar-rises-broadly-in-europe-business-and-finance-business-recorder.md) | +0.8% | +1.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40329480

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