# BNM deputy governor: Malaysia’s reforms and US interest rate clarity keep ringgit on the up | Malay Mail

> Bank Negara Malaysia deputy governor Adnan Zaylani said the ringgit has risen steadily since early July as US rate clarity narrows interest rate differentials. He pointed to structural reforms and portfolio inflow prospects supporting the currency.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/28588-bnm-deputy-governor-malaysia-s-reforms-and-us-interest-rate-clarity-keep
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A sustained ringgit rally makes Malaysian palm oil costlier for dollar-based buyers, a mild bearish influence on palm oil prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-06-30 | [Ringgit firms up as weaker US dollar, Senate budget plans weigh on greenback \| Malay Mail](https://feedsoft.ai/events/24459-ringgit-firms-up-as-weaker-us-dollar-senate-budget-plans-weigh-on-greenback.md) | +2.5% | +5.5% |
| PALMOIL | 2018-09-28 | [Ringgit, KLCI down after US interest-rate hike](https://feedsoft.ai/events/63304-ringgit-klci-down-after-us-interest-rate-hike.md) | +0.3% | -0.9% |
| PALMOIL | 2024-07-31 | [MYR/USD: Malaysia Ringgit Rebound Set to Accelerate on Fed Rate Cuts, Exports - Bloomberg](https://feedsoft.ai/events/29549-myr-usd-malaysia-ringgit-rebound-set-to-accelerate-on-fed-rate-cuts-exports.md) | -1.9% | +1.5% |
| PALMOIL | 2023-03-06 | [MYR/USD: Worst for Malaysia Ringgit Seen Over on China Reopening - Bloomberg](https://feedsoft.ai/events/37148-myr-usd-worst-for-malaysia-ringgit-seen-over-on-china-reopening-bloomberg.md) | -5.6% | -9.0% |
| PALMOIL | 2017-12-30 | [2017 recovery year for ringgit, BNM measures place in check \| Malay Mail](https://feedsoft.ai/events/67746-2017-recovery-year-for-ringgit-bnm-measures-place-in-check-malay-mail.md) | +6.7% | +4.3% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2024/09/26/bnm-deputy-governor-malaysias-reforms-and-us-interest-rate-clarity-keep-ringgit-on-the-up/151635

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