# Ringgit ends lower amid Fed’s hawkish stance ahead of PCE index release | Malay Mail

> The ringgit ended marginally lower against the US dollar on June 27, closing around RM4.716. Hawkish Federal Reserve remarks kept the greenback supported ahead of the PCE inflation release, and the dollar index briefly topped 106 before easing.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/30059-ringgit-ends-lower-amid-fed-s-hawkish-stance-ahead-of-pce-index-release-malay
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer dollar lifts the cost of ringgit-denominated Malaysian palm oil and feed imports, with little direct effect on feed grain prices.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2024/06/27/ringgit-ends-lower-amid-feds-hawkish-stance-ahead-of-pce-index-release/141866

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