# Malaysia ringgit gains most among Asian FX, Chinese stocks soar - Markets - Business Recorder

> The ringgit rose to its highest in more than three years against the dollar, trading near 4.099 per dollar, after new Chinese stimulus measures lifted regional currencies and Chinese equities. The currency has gained about 12.6% this quarter.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/28585-malaysia-ringgit-gains-most-among-asian-fx-chinese-stocks-soar-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency strength in Malaysia tied to China demand sentiment can make palm oil pricier for buyers, while Chinese stimulus hints at firmer regional feed demand.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-12-01 | [MYR/USD: Malaysia Ringgit Nears Four-Year High as Economy Gains Strength](https://feedsoft.ai/events/22207-myr-usd-malaysia-ringgit-nears-four-year-high-as-economy-gains-strength.md) | +1.9% | -0.1% |
| PALMOIL | 2020-09-23 | [Malaysia stocks, ringgit slide as Anwar signals push to oust PM \| Financial Post](https://feedsoft.ai/events/51356-malaysia-stocks-ringgit-slide-as-anwar-signals-push-to-oust-pm-financial-post.md) | -1.7% | -1.6% |
| PALMOIL | 2017-06-29 | [Report: Ringgit strongest currency in Asia \| Malaysiakini](https://feedsoft.ai/events/70757-report-ringgit-strongest-currency-in-asia-malaysiakini.md) | +3.1% | +4.2% |
| PALMOIL | 2017-12-19 | [Ringgit remains supported with higher China trade going into 2018 - The Malaysian Reserve](https://feedsoft.ai/events/67747-ringgit-remains-supported-with-higher-china-trade-going-into-2018-the-malaysian.md) | -0.6% | +3.1% |
| PALMOIL | 2023-01-19 | [Malaysia growth will be key for ringgit this year: Trade Minister - The Business Times](https://feedsoft.ai/events/38046-malaysia-growth-will-be-key-for-ringgit-this-year-trade-minister-the-business.md) | -0.3% | -0.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40324712

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