# Malaysian ringgit, Thai baht hit by safety flows, growth woes | Financial Post

> The Malaysian ringgit and Thai baht led losses among emerging Asian currencies as a strong dollar and recession worries weighed. The ringgit hit its weakest since March 2017 and the Indian rupee set record lows.

- Date: 2022-07-19 · published 2022-07-19T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/40763-malaysian-ringgit-thai-baht-hit-by-safety-flows-growth-woes-financial-post
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker ringgit and baht raise palm oil and feed import costs for Asian buyers, and a firm dollar tends to pressure dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-02-15 | [Thai baht, Malaysian ringgit sink to three-month lows against dollar - Nikkei Asia](https://feedsoft.ai/events/31954-thai-baht-malaysian-ringgit-sink-to-three-month-lows-against-dollar-nikkei-asia.md) | -0.2% | -1.0% |
| DXY | 2024-03-24 | [Strong US dollar hits Thai baht, Malaysian ringgit hardest among Asean currencies  - The Business Times](https://feedsoft.ai/events/31494-strong-us-dollar-hits-thai-baht-malaysian-ringgit-hardest-among-asean.md) | -0.1% | +1.6% |
| DXY | 2021-06-21 | [Baht, peso plumb multi-month lows to lead Asian FX falls \| Financial Post](https://feedsoft.ai/events/46860-baht-peso-plumb-multi-month-lows-to-lead-asian-fx-falls-financial-post.md) | -1.0% | +0.4% |
| DXY | 2022-01-18 | [Thai baht gains on quarantine-free travel hopes; Asia FX gains \| Financial Post](https://feedsoft.ai/events/43407-thai-baht-gains-on-quarantine-free-travel-hopes-asia-fx-gains-financial-post.md) | +0.7% | +0.7% |
| DXY | 2020-11-11 | [Brazil's real, Mexican peso hit by tepid economic data \| Financial Post](https://feedsoft.ai/events/50377-brazil-s-real-mexican-peso-hit-by-tepid-economic-data-financial-post.md) | -0.5% | -1.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/malaysian-ringgit-thai-baht-hit-by-safety-flows-growth-woes

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