# Pengukuhan dolar AS dorong penyusutan nilai ringgit - MoF - Sinar Harian

> Malaysia's Ministry of Finance said the ringgit's recent depreciation was mainly driven by a stronger US dollar and uncertainty over China's economic growth. It said the Fed's aggressive rate hikes widened the rate gap, which pushed investors to move capital out of Malaysia.

- Date: 2024-03-18 · published 2024-03-18T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31487-pengukuhan-dolar-as-dorong-penyusutan-nilai-ringgit-mof-sinar-harian
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A persistently weak ringgit raises the ringgit cost of imported feed ingredients and adds to domestic inflation. The outlook depends on US rate expectations and China's recovery.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- sinarharian.com.my: https://www.sinarharian.com.my/article/655276/berita/nasional/pengukuhan-dolar-as-dorong-penyusutan-nilai-ringgit---mof

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