# Rising U.S. Dollar concerns

> Economists warned that the ringgit's continued slide raises the cost of imported goods and reduces Malaysian purchasing power. They also flagged that the strong dollar cuts the value of Bank Negara's foreign-currency reserves and raises the cost of dollar-denominated debt. Reserves were estimated at 5.4 months of imports as of August 30.

- Date: 2022-09-20 · published 2022-09-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/39868-rising-u-s-dollar-concerns
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Higher import costs from a weaker ringgit pass through to feed and food prices for Malaysian buyers. Possible reserve drawdowns for currency intervention could limit future support for the ringgit.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- nst.com.my: https://www.nst.com.my/business/2022/09/832757/rising-us-dollar-concerns

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