# The Ringgit should be valued holistically, not just vs US Dollar

> Deputy Finance Minister Mohd Shahar Abdullah told parliament the ringgit had fallen 6.2% against the US dollar since early 2022, in line with regional currencies. He blamed aggressive US rate hikes, Ukraine-related risk-off sentiment and weak China growth, and said Bank Negara would intervene to prevent large swings.

- Date: 2022-07-26 · published 2022-07-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40748-the-ringgit-should-be-valued-holistically-not-just-vs-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Persistent ringgit weakness raises the local cost of imported feed and fertiliser, while government readiness to smooth moves limits the currency shock for Malaysian feed buyers.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- mof.gov.my: https://www.mof.gov.my/portal/en/news/press-citations/the-ringgit-should-be-valued-holistically-not-just-vs-us-dollar

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