# Ringgit Weakness To Persist

> The ringgit has persistently weakened past 4.73 per dollar despite a China-led risk rally following a 278 billion dollar rescue package and a 50 basis point cut in the reserve requirement ratio. Kenanga attributes the weakness to global growth concerns and recalibrated expectations for Fed easing.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/32377-ringgit-weakness-to-persist
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker ringgit lowers the dollar cost of Malaysian palm oil, which can support export demand, while the Fed easing outlook drives broader dollar moves that affect commodity prices.

## Read by commodity

- DXY: neutral
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-31 | [Ringgit expected to trade in cautious mode next week amid US tariff uncertainty \| The Star](https://feedsoft.ai/events/24944-ringgit-expected-to-trade-in-cautious-mode-next-week-amid-us-tariff-uncertainty.md) | -0.5% | -1.9% |
| DXY | 2024-06-05 | [US dollar to weaken, but Fed rate cuts are required, say strategists:  Reuters poll](https://feedsoft.ai/events/29967-us-dollar-to-weaken-but-fed-rate-cuts-are-required-say-strategists-reuters-poll.md) | +1.1% | +0.9% |
| DXY | 2025-11-12 | [US Dollar: Consolidation Persists While Risk Assets Rally Across Global Markets \| Investing.com](https://feedsoft.ai/events/22169-us-dollar-consolidation-persists-while-risk-assets-rally-across-global-markets.md) | -0.1% | -0.5% |
| DXY | 2025-08-26 | [Ringgit slips against greenback on profit-taking ahead of US economic data release \| Malay Mail](https://feedsoft.ai/events/23586-ringgit-slips-against-greenback-on-profit-taking-ahead-of-us-economic-data.md) | +0.2% | -0.7% |
| DXY | 2024-07-10 | [Why the Fed cutting interest rates may weaken the U.S. dollar](https://feedsoft.ai/events/29459-why-the-fed-cutting-interest-rates-may-weaken-the-u-s-dollar.md) | -0.6% | +0.2% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2024/01/26/ringgit-weakness-to-persist/

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