# Ringgit ends higher against US dollar on softer US CPI data

> The ringgit closed higher against the US dollar at about 4.39 after US CPI data showed inflation in the 12 months to November easing to 7.1%. The softer reading lowered US two-year yields and led analysts to suggest the Fed could pause rate hikes by Q2 2023. The ringgit was mostly weaker against other major currencies.

- Date: 2022-12-14 · published 2022-12-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38498-ringgit-ends-higher-against-us-dollar-on-softer-us-cpi-data
- 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 tend to support ringgit-priced feed import costs falling, which helps Malaysian feed buyers. The move is currency-driven rather than a change in grain supply.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |
| DXY | 2025-09-17 | [BernamaBiz - Ringgit Opens Higher Against Us Dollar On Softer Fed Outlook](https://feedsoft.ai/events/23163-bernamabiz-ringgit-opens-higher-against-us-dollar-on-softer-fed-outlook.md) | +0.4% | +1.5% |
| DXY | 2025-09-29 | [Ringgit ends higher against US dollar on US government shutdown fears \| The Star](https://feedsoft.ai/events/23158-ringgit-ends-higher-against-us-dollar-on-us-government-shutdown-fears-the-star.md) | -0.3% | +0.3% |
| DXY | 2021-07-30 | [Ringgit opens marginally higher against US dollar \| Malay Mail](https://feedsoft.ai/events/46328-ringgit-opens-marginally-higher-against-us-dollar-malay-mail.md) | +0.3% | +1.2% |
| DXY | 2021-12-17 | [Ringgit opens lower against US dollar](https://feedsoft.ai/events/43870-ringgit-opens-lower-against-us-dollar.md) | -0.2% | -0.8% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2022/12/14/ringgit-ends-higher-against-us-dollar-on-softer-us-cpi-data/

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