# Ringgit leads Asia FX lower; central banks come into focusf - Markets - Business Recorder

> Malaysia's ringgit led losses among Asian currencies on a holiday-thinned Monday, falling about 0.4% and posting its biggest intraday drop since July. Regional stocks fell as Evergrande's debt woes weighed on sentiment, and investors awaited Federal Reserve signals on stimulus tapering.

- Date: 2021-09-20 · published 2021-09-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45315-ringgit-leads-asia-fx-lower-central-banks-come-into-focusf-markets-business
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the ringgit cost of dollar-priced imports and can lift the dollar cost of Malaysian palm oil exports, which matters for feed buyers sourcing palm-based inputs.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40121304

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