# Ringgit stays at two-month high versus greenback on expectation of slower US interest rate hike | Malay Mail

> The ringgit held near a two-month high against the dollar on November 25, closing at 4.4795/4890. Optimism grew that the Fed would slow its rate hikes to 50 basis points in December after US inflation eased to 7.7% in October.

- Date: 2022-11-25 · published 2022-11-25T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38933-ringgit-stays-at-two-month-high-versus-greenback-on-expectation-of-slower-us
- 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 slower Fed path weaken the dollar broadly, supporting Asian currencies and lowering the dollar cost of regional commodity imports.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-31 | [Ringgit opens higher as cooling US economy takes steam out of greenback \| Malay Mail](https://feedsoft.ai/events/18624-ringgit-opens-higher-as-cooling-us-economy-takes-steam-out-of-greenback-malay.md) | -0.1% | -1.1% |
| DXY | 2025-08-25 | [Ringgit ends higher vs greenback on possible US rate cut in September \| The Star](https://feedsoft.ai/events/23584-ringgit-ends-higher-vs-greenback-on-possible-us-rate-cut-in-september-the-star.md) | -0.1% | -0.4% |
| DXY | 2025-06-30 | [Ringgit firms up as weaker US dollar, Senate budget plans weigh on greenback \| Malay Mail](https://feedsoft.ai/events/24459-ringgit-firms-up-as-weaker-us-dollar-senate-budget-plans-weigh-on-greenback.md) | -0.0% | +0.8% |
| DXY | 2025-06-26 | [Ringgit strengthens against US dollar as Fed tariff caution weighs on greenback \| Malay Mail](https://feedsoft.ai/events/24463-ringgit-strengthens-against-us-dollar-as-fed-tariff-caution-weighs-on-greenback.md) | -0.9% | -0.6% |
| DXY | 2025-08-28 | [Ringgit rebounds after two-day slide on Fed rate cut bets and key US data in focus \| Malay Mail](https://feedsoft.ai/events/23582-ringgit-rebounds-after-two-day-slide-on-fed-rate-cut-bets-and-key-us-data-in.md) | +0.0% | -0.2% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/11/25/ringgit-stays-at-two-month-high-versus-greenback-on-expectation-of-slower-us-interest-rate-hike/41947

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