# Ringgit extends downtrend vs dollar ahead of US Federal Open Market Committee meeting | Malay Mail

> The ringgit weakened against the US dollar on September 19 to 4.6940/6980 from 4.6870/6915 the prior day, ahead of the FOMC meeting. It also fell against the yen, euro and Singapore dollar. Analysts expected the Fed to keep restrictive policy, supporting the dollar.

- Date: 2023-09-19 · published 2023-09-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34369-ringgit-extends-downtrend-vs-dollar-ahead-of-us-federal-open-market-committee
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar strength ahead of the Fed decision raises the ringgit cost of dollar-priced feed imports into Malaysia.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-28 | [Ringgit extends downtrend vs dollar ahead of US fed decision on interest rates next week \| Malay Mail](https://feedsoft.ai/events/39383-ringgit-extends-downtrend-vs-dollar-ahead-of-us-fed-decision-on-interest-rates.md) | +1.2% | -2.4% |
| DXY | 2023-04-11 | [Ringgit continues downtrend against greenback ahead of US inflation report \| Malay Mail](https://feedsoft.ai/events/36681-ringgit-continues-downtrend-against-greenback-ahead-of-us-inflation-report.md) | -0.4% | -1.0% |
| DXY | 2021-03-30 | [Ringgit ends lower on firmer US dollar \| Malay Mail](https://feedsoft.ai/events/48386-ringgit-ends-lower-on-firmer-us-dollar-malay-mail.md) | -0.5% | -1.9% |
| DXY | 2022-10-31 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/39386-ringgit-ends-lower-against-us-dollar-malay-mail.md) | -0.1% | -2.8% |
| DXY | 2022-06-01 | [Ringgit opens lower against US dollar amid feats of accelerating inflation \| Malay Mail](https://feedsoft.ai/events/41235-ringgit-opens-lower-against-us-dollar-amid-feats-of-accelerating-inflation.md) | +0.3% | +2.4% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2023/09/19/ringgit-extends-downtrend-vs-dollar-ahead-of-us-federal-open-market-committee-meeting/91755

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