# Ringgit sell-off continues for 9th straight day | Malaysiakini

> The ringgit settled lower for a ninth straight day on November 26, hitting a 16-month low of 4.2400 per US dollar intraday. Traders cited expectations that the Fed would accelerate tapering and possibly raise rates in 2022, plus Covid restrictions in Europe and a newly reported South African variant.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/44303-ringgit-sell-off-continues-for-9th-straight-day-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the local cost of dollar-priced feed imports such as soybean meal and corn, which can lift Malaysian feed costs even when global prices are steady.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/600812

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