# Ringgit down against US dollar for fourth session as weakening global sentiment prompts risk aversion | Malay Mail

> The ringgit fell against the dollar for a fourth straight session on April 20, closing at 4.2800/2830, as the IMF cut its 2022 global growth forecast to 3.6% citing the Ukraine war. Lockdowns in China and weaker regional currencies such as the baht and yuan also weighed on sentiment.

- Date: 2022-04-20 · published 2022-04-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42103-ringgit-down-against-us-dollar-for-fourth-session-as-weakening-global-sentiment
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Global growth downgrades and China lockdowns reduce demand expectations for commodities and palm oil, while a firm dollar raises local-currency costs for dollar-priced feed imports.

## Read by commodity

- USDCNY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-06-10 | [Ringgit slips versus US dollar \| Malay Mail](https://feedsoft.ai/events/58863-ringgit-slips-versus-us-dollar-malay-mail.md) | +0.3% | -0.4% |
| USDCNY | 2024-01-19 | [China’s yuan set to weaken for a third week against rebounding dollar - Markets - Business Recorder](https://feedsoft.ai/events/32358-china-s-yuan-set-to-weaken-for-a-third-week-against-rebounding-dollar-markets.md) | -0.4% | -0.0% |
| USDCNY | 2016-11-25 | [Fragile Asian currencies set for weekly losses on rising dollar, US yields - Malaysia Today](https://feedsoft.ai/events/74106-fragile-asian-currencies-set-for-weekly-losses-on-rising-dollar-us-yields.md) | -0.5% | +0.4% |
| USDCNY | 2021-07-28 | [【Financial Str. Release】Chinese yuan weakens to nearly 4M low amid rising risk aversion sentiment Tue. - Xinhua Silk Road](https://feedsoft.ai/events/46287-financial-str-release-chinese-yuan-weakens-to-nearly-4m-low-amid-rising-risk.md) | -0.6% | -0.6% |
| USDCNY | 2024-11-06 | [Dollar surges, set for biggest one-day rise since March 2023 against peers \| World News - Business Standard](https://feedsoft.ai/events/6859-dollar-surges-set-for-biggest-one-day-rise-since-march-2023-against-peers-world.md) | +1.7% | +2.1% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/04/20/ringgit-down-against-us-dollar-for-fourth-session-as-weakening-global-senti/2054636

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