# Ringgit ends lower against US dollar on fall in oil price, China interest rate cut | Malay Mail

> The ringgit ended weaker against the US dollar at 4.4855/4870 after China cut its five-year loan prime rate by 15 basis points. Brent crude was down 0.59% at US$96.15 per barrel, and the yuan hit its lowest level since September 2020.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40304-ringgit-ends-lower-against-us-dollar-on-fall-in-oil-price-china-interest-rate
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

China's rate cut and a weaker yuan weigh on regional currencies, which raises dollar-priced import costs for Malaysian feed buyers and signals softer Chinese demand.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/08/22/ringgit-ends-lower-against-us-dollar-on-fall-in-oil-price-china-interest-rate-cut/24130

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