# Ringgit ends lower against US dollar as oil prices decline | Malay Mail

> The ringgit closed lower against the US dollar at about 4.39 after falling 2.7 pips and weakening against the dollar, as oil prices declined. Analysts pointed to a rise in US ISM non-manufacturing PMI to 56.5 in November, which lifted US yields. Brent crude fell 0.21% to US$82.51 at the time of writing.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil prices reduce biofuel and transport cost support for vegetable oils, while stronger US data firms the dollar and raises ringgit feed import costs. Both effects are modest.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-07-26 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46327-ringgit-ends-lower-against-us-dollar-malay-mail.md) | +3.4% | -12.3% |
| BRENT | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | -0.4% | +0.0% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2020-03-22 | [Ringgit opens lower against US dollar in early session \| Malaysiakini](https://feedsoft.ai/events/54380-ringgit-opens-lower-against-us-dollar-in-early-session-malaysiakini.md) | -10.0% | -19.8% |
| BRENT | 2020-12-07 | [Ringgit falls against US dollar on lack of demand, lower Fitch downgrade \| Malaysia now](https://feedsoft.ai/events/49924-ringgit-falls-against-us-dollar-on-lack-of-demand-lower-fitch-downgrade.md) | +1.7% | +8.6% |
| WTI | 2026-06-01 | [Ringgit ends higher against US dollar on renewed risk appetite](https://feedsoft.ai/events/19535-ringgit-ends-higher-against-us-dollar-on-renewed-risk-appetite.md) | +1.7% | -21.8% |
| WTI | 2020-03-27 | [Ringgit extends gains against US dollar in early session \| FMT](https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt.md) | +37.1% | -32.8% |
| WTI | 2022-11-18 | [Canadian dollar extends weekly decline as oil prices slide \| Financial Post](https://feedsoft.ai/events/38908-canadian-dollar-extends-weekly-decline-as-oil-prices-slide-financial-post.md) | -6.5% | -9.1% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/12/06/ringgit-ends-lower-against-us-dollar-as-oil-prices-decline/43856

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