# What’s to blame for the weak ringgit? | FMT

> An FMT commentary argues the ringgit's depreciation against the US dollar stems mainly from interest rate differentials, global slowdown forecasts and safe-haven demand rather than domestic politics. It cites IMF and World Bank growth downgrades.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33894-what-s-to-blame-for-the-weak-ringgit-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Persistent ringgit weakness driven by global rate differentials keeps import costs for feed ingredients elevated in Malaysia.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/highlight/2023/10/31/whats-to-blame-for-the-weak-ringgit

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