# Ringgit continues to strengthen vs US dollar

> The ringgit opened higher against the dollar for a third straight day on April 13 after US producer prices unexpectedly fell in March. Jobless claims also rose, which analysts said supported the case for a pause in Fed rate hikes.

- Date: 2023-04-14 · published 2023-04-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/36680-ringgit-continues-to-strengthen-vs-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a Fed pause weaken the dollar and can ease the cost of dollar-priced feed imports in Malaysia. The impact on feed prices is limited because the driver is US monetary data.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-05 | [Colombian Peso Strengthens as US Dollar Continues to Decline](https://feedsoft.ai/events/24064-colombian-peso-strengthens-as-us-dollar-continues-to-decline.md) | +0.6% | +1.7% |
| DXY | 2022-03-31 | [Ringgit continues upward momentum against US dollar](https://feedsoft.ai/events/42530-ringgit-continues-upward-momentum-against-us-dollar.md) | +0.8% | +3.8% |
| DXY | 2023-12-28 | [Baht continues to strengthen as gold price rises](https://feedsoft.ai/events/32970-baht-continues-to-strengthen-as-gold-price-rises.md) | +1.0% | +1.8% |
| DXY | 2020-09-01 | [Ringgit ends at seven-month high as dollar continues to slip \| Malay Mail](https://feedsoft.ai/events/51361-ringgit-ends-at-seven-month-high-as-dollar-continues-to-slip-malay-mail.md) | +0.6% | +1.5% |
| DXY | 2025-05-13 | [UOB: The US dollar continues to weaken, reaching 26,300 VND in Q3.](https://feedsoft.ai/events/24990-uob-the-us-dollar-continues-to-weaken-reaching-26-300-vnd-in-q3.md) | -0.9% | -2.0% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2023/04/899542/ringgit-continues-strengthen-vs-us-dollar%C2%A0

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