# Ringgit weakens against US dollar at close | Malay Mail

> The ringgit closed weaker against the US dollar on February 24, 2022, at 4.2030/2080 versus 4.1830/1860 the previous day. Analysts cited concerns over Russia's military action against Ukraine, with Brent crude above US$100 and the US Dollar Index at 96.694.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42962-ringgit-weakens-against-us-dollar-at-close-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven dollar demand from the Ukraine invasion lifts USD against emerging-market currencies, raising the local-currency cost of dollar-priced feed imports.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-30 | [AUD/USD weakens as Trump-driven risk aversion boosts US Dollar](https://feedsoft.ai/events/20406-aud-usd-weakens-as-trump-driven-risk-aversion-boosts-us-dollar.md) | -0.2% | -1.8% |
| DXY | 2026-03-29 | [Australian Dollar opens lower as Iran warns against US ground military action](https://feedsoft.ai/events/20408-australian-dollar-opens-lower-as-iran-warns-against-us-ground-military-action.md) | -0.2% | -1.8% |
| DXY | 2022-02-28 | [Sterling falls vs dollar, rises against euro after Western sanctions on Russia \| Financial Post](https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia.md) | +1.2% | +0.5% |
| DXY | 2024-01-12 | [Middle Eastern tensions are making the US dollar "hotter" than gold.](https://feedsoft.ai/events/32426-middle-eastern-tensions-are-making-the-us-dollar-hotter-than-gold.md) | +0.6% | +1.0% |
| DXY | 2026-03-02 | [Dollar (USD) Gains as Higher Oil Prices Damp Bets on Fed Rate Cuts - Bloomberg](https://feedsoft.ai/events/10711-dollar-usd-gains-as-higher-oil-prices-damp-bets-on-fed-rate-cuts-bloomberg.md) | +1.4% | +2.6% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/02/24/ringgit-weakens-against-us-dollar-at-close4/2043739

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