# Why is Malaysia’s ringgit in a slump and will it affect PM Anwar’s coalition in this year’s state polls? | South China Morning Post

> The Malaysian ringgit has been Southeast Asia's worst-performing currency this year, hitting a seven-month low against the US dollar. It rebounded slightly after the central bank said it would intervene to limit excessive currency moves, and the weakness is raising concerns about the cost of living.

- Date: 2023-07-01 · published 2023-07-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/35330-why-is-malaysia-s-ringgit-in-a-slump-and-will-it-affect-pm-anwar-s-coalition-in
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weak ringgit raises the local-currency cost of imported feed ingredients, which feeds through to Malaysian livestock and poultry costs. Central bank intervention could limit further losses.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- scmp.com: https://www.scmp.com/week-asia/explained/article/3226109/why-malaysias-ringgit-slump-and-will-it-affect-pm-anwars-coalition-years-state-polls

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