# Ringgit stays under pressure, US debt deadlock weighs demand

> The ringgit fell to a six-month low of 4.6280 per US dollar on May 26 as the US debt ceiling talks remained uncertain. Fitch placed the US AAA rating on negative watch, and US 10-year Treasury yields rose to about 3.82%. Analysts expected volatility to persist in the near term.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/36216-ringgit-stays-under-pressure-us-debt-deadlock-weighs-demand
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Higher US yields and a stronger dollar pressure emerging-market currencies, raising the cost of dollar-denominated feed imports for buyers in Asia. The effect is a general macro headwind rather than a direct commodity driver.

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2023/05/26/ringgit-stays-under-pressure-us-debt-deadlock-weighs-demand/

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