# Dollar’s weakening should ease pressure on ringgit, says StanChart | FMT

> Standard Chartered said the US dollar's decline, with the Dollar Index falling below 101 to its lowest level since April, should ease pressure on the ringgit over the short and long term. The bank linked the dollar's weakness to lower US inflation.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/35326-dollar-s-weakening-should-ease-pressure-on-ringgit-says-stanchart-fmt
- 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 dollar would lower the local-currency cost of imported feed ingredients priced in dollars. The effect on feed prices would depend on how long the dollar stays weak.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-13 | [US dollar’s weakness among reasons for strengthening baht, says BOT](https://feedsoft.ai/events/28599-us-dollar-s-weakness-among-reasons-for-strengthening-baht-says-bot.md) | -0.9% | +0.5% |
| DXY | 2020-12-17 | [Ringgit to rebound as US dollar weakens](https://feedsoft.ai/events/49920-ringgit-to-rebound-as-us-dollar-weakens.md) | +0.2% | -0.2% |
| DXY | 2024-08-28 | [Weakening dollar, rising gold price behind’s baht’s appreciation: BOT chief](https://feedsoft.ai/events/29094-weakening-dollar-rising-gold-price-behind-s-baht-s-appreciation-bot-chief.md) | +0.5% | -0.3% |
| DXY | 2026-09-01 | [Gold climbs on weaker dollar, easing Fed rate hike concerns](https://feedsoft.ai/events/17807-gold-climbs-on-weaker-dollar-easing-fed-rate-hike-concerns.md) | -0.6% | +2.1% |
| DXY | 2019-06-20 | [Sterling heads higher on weaker dollar](https://feedsoft.ai/events/58853-sterling-heads-higher-on-weaker-dollar.md) | -1.1% | -0.8% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2023/07/13/dollars-weakening-should-ease-pressure-on-ringgit-says-stanchart

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