# Ringgit’s Performance For Week Ahead

> The ringgit posted its fourth consecutive weekly gain, rising almost 2.0% against the US dollar. The move was driven by a sharp fall in the dollar index to as low as 104.7 after a dovish speech by Fed Chair Powell. Lower-than-expected core PCE inflation and China's COVID relaxation also supported the ringgit.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38503-ringgit-s-performance-for-week-ahead
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger ringgit lowers the local currency cost of dollar-priced feed ingredients, which benefits Malaysian feed buyers. The gains are currency-driven and the upside is seen as limited.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-12-24 | [How The Ringgit And Major Currencies Will Perform In 2026](https://feedsoft.ai/events/21788-how-the-ringgit-and-major-currencies-will-perform-in-2026.md) | +0.0% | -0.7% |
| DXY | 2018-11-08 | [Asia week ahead: Relief for Asia’s busiest central banks \| articles \| ING THINK](https://feedsoft.ai/events/62279-asia-week-ahead-relief-for-asia-s-busiest-central-banks-articles-ing-think.md) | +1.0% | +1.2% |
| DXY | 2020-05-29 | [G10 FX Week Ahead: Rock around the clock \| ING THINK](https://feedsoft.ai/events/53350-g10-fx-week-ahead-rock-around-the-clock-ing-think.md) | -1.4% | -0.6% |
| DXY | 2025-06-28 | [BernamaBiz - Ringgit To Trade Firmer Against US Dollar Next Week, Ahead Of Us Labour Data](https://feedsoft.ai/events/24466-bernamabiz-ringgit-to-trade-firmer-against-us-dollar-next-week-ahead-of-us.md) | -0.0% | +0.8% |
| DXY | 2018-01-29 | [G10 FX Week Ahead: State of the dollar \| ING THINK](https://feedsoft.ai/events/67209-g10-fx-week-ahead-state-of-the-dollar-ing-think.md) | +0.4% | +1.0% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2022/12/02/ringgits-performance-for-week-ahead/

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