# Ringgit To Trade Above 4.45 Amid Weak Global Sentiment And Jumbo Fed Hike

> The ringgit breached 4.45 per US dollar for the first time since March 2017 after the Fed and ECB rate hikes lifted the dollar index. Kenanga Research said COVID cases in Asia, European political risk and weak global sentiment would cap any ringgit recovery.

- Date: 2022-07-25 · published 2022-07-25T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40750-ringgit-to-trade-above-4-45-amid-weak-global-sentiment-and-jumbo-fed-hike
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker ringgit raises Malaysian import costs for feed and feedstock, and a stronger dollar index tends to pressure dollar-priced grains and oilseeds.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-08-02 | [Trump and Fed Sentiment Weighs on Rupiah, Falling to Rp 14,180/US$](https://feedsoft.ai/events/57901-trump-and-fed-sentiment-weighs-on-rupiah-falling-to-rp-14-180-us.md) | +0.4% | +1.7% |
| DXY | 2024-05-29 | [Ringgit closes lower amid upbeat US consumer sentiment \| FMT](https://feedsoft.ai/events/30537-ringgit-closes-lower-amid-upbeat-us-consumer-sentiment-fmt.md) | +1.1% | +2.3% |
| DXY | 2025-09-26 | [Korean won sinks amid US investment jitters; Seoul plans 24-hour FX trading  - KED Global](https://feedsoft.ai/events/23110-korean-won-sinks-amid-us-investment-jitters-seoul-plans-24-hour-fx-trading-ked.md) | -0.1% | +0.3% |
| DXY | 2021-11-26 | [Rupiah jelang akhir pekan tertekan sentimen tapering global - ANTARA News](https://feedsoft.ai/events/44351-rupiah-jelang-akhir-pekan-tertekan-sentimen-tapering-global-antara-news.md) | -0.2% | -0.6% |
| DXY | 2026-03-28 | [Ringgit expected to hover around 4.00 amid oil‑driven inflation fears, hawkish Fed \| Malay Mail](https://feedsoft.ai/events/20419-ringgit-expected-to-hover-around-4-00-amid-oil-driven-inflation-fears-hawkish.md) | -0.2% | -1.8% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2022/07/25/ringgit-to-trade-above-4-45-amid-weak-global-sentiment-and-jumbo-fed-hike/

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