# Ringgit ends lower against US dollar on economic uncertainties | Malay Mail

> The ringgit ended lower against the US dollar at 4.6575/6610 on Wednesday, Aug 23, amid uncertainty over the Federal Reserve's next move. The US Dollar Index rose 0.27 percent to 103.839.

- Date: 2023-08-23 · published 2023-08-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34848-ringgit-ends-lower-against-us-dollar-on-economic-uncertainties-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

A weaker ringgit raises the cost of dollar-priced imports for Malaysia and can cushion palm oil export prices in local currency terms.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2018-11-13 | [Ringgit ends lower against US dollar \| FMT](https://feedsoft.ai/events/62311-ringgit-ends-lower-against-us-dollar-fmt.md) | -0.4% | -0.2% |
| DXY | 2024-10-28 | [Ahead of US election, ringgit closes lower against US dollar amid cautious sentiment \| Malay Mail](https://feedsoft.ai/events/28137-ahead-of-us-election-ringgit-closes-lower-against-us-dollar-amid-cautious.md) | +0.2% | +1.9% |
| 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/2023/08/23/ringgit-ends-lower-against-us-dollar-on-economic-uncertainties/86815

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