# CNA Explains: Why is the ringgit so weak and what does it mean for Malaysia’s economy? - CNA

> The Malaysian ringgit has weakened against the US dollar and Singapore dollar, falling past RM4.40 per dollar on May 19 and hitting a record low against the Singdollar on May 24. Analysts attribute the slide to expected US rate hikes, and CNA examines the government's options to ease depreciation pressure.

- Date: 2022-05-25 · published 2022-05-25T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/41671-cna-explains-why-is-the-ringgit-so-weak-and-what-does-it-mean-for-malaysia-s
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the cost of imported feed inputs for Malaysian buyers, while also shaping regional demand for palm oil and other commodities priced in dollars.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/asia/cna-explains-ringgit-weak-economy-us-dollar-singapore-dollar-2706766

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