# Malaysian ringgit losing grip to Fed's hawkish stance, depreciates to RM4.48 against USD - The Business Times

> The ringgit fell to RM4.4850 per US dollar, its weakest level since January 2017, and has lost 7.3% year-to-date. Economists expect the decline to continue gradually because of sluggish commodity prices and the Federal Reserve's hawkish stance.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40303-malaysian-ringgit-losing-grip-to-fed-s-hawkish-stance-depreciates-to-rm4-48
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A sustained weak ringgit makes dollar-priced feed ingredients more expensive for Malaysian buyers, while soft commodity prices weigh on palm-linked values.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/malaysian-ringgit-losing-grip-feds-hawkish-stance-depreciates-rm448-against-usd

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