# Ringgit falls as investors await Fed’s direction | Malay Mail

> The ringgit weakened to 4.4660/4680 per US dollar at Tuesday's close, from 4.4570/4595 the previous day. Investors moved to safe-haven assets ahead of the Federal Reserve minutes, and Brent crude eased to US$94.31 per barrel after China's surprise rate cut.

- Date: 2022-08-16 · published 2022-08-16T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40306-ringgit-falls-as-investors-await-fed-s-direction-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit on safe-haven demand raises the local cost of dollar-priced imports, while falling oil prices and China's growth worries reduce commodity support.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/08/16/ringgit-falls-as-investors-await-feds-direction/23112

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