# Ringgit strengthens against US dollar amid weak US housing data | Malay Mail

> The ringgit closed stronger against the US dollar at 4.6690/6725 on Tuesday, down from 4.6785/6830 the previous day. The move followed weak US housing data released by HUD and the Census Bureau.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33430-ringgit-strengthens-against-us-dollar-amid-weak-us-housing-data-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of Fed rate cuts weighed on US yields and supported Asian currencies, which can ease the ringgit-denominated cost of dollar-priced feed imports for Malaysia. The effect on grain prices is small.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-26 | [Ringgit strengthens against US dollar as Fed tariff caution weighs on greenback \| Malay Mail](https://feedsoft.ai/events/24463-ringgit-strengthens-against-us-dollar-as-fed-tariff-caution-weighs-on-greenback.md) | -0.9% | -0.6% |
| DXY | 2020-11-09 | [Ringgit surges against US dollar at close \| Malay Mail](https://feedsoft.ai/events/50409-ringgit-surges-against-us-dollar-at-close-malay-mail.md) | -0.1% | -1.7% |
| DXY | 2021-07-30 | [Ringgit opens marginally higher against US dollar \| Malay Mail](https://feedsoft.ai/events/46328-ringgit-opens-marginally-higher-against-us-dollar-malay-mail.md) | +0.3% | +1.2% |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |
| DXY | 2021-12-17 | [Ringgit opens lower against US dollar](https://feedsoft.ai/events/43870-ringgit-opens-lower-against-us-dollar.md) | -0.2% | -0.8% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2023/11/28/ringgit-strengthens-against-us-dollar-amid-weak-us-housing-data/104697

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