# Ringgit lower against us dollar ahead of US Fed decision on tapering | Malay Mail

> The ringgit closed lower against the US dollar at 4.1910/1950 on September 22, ahead of the Fed's tapering decision and possible Evergrande interest payment defaults. A Bank Islam economist expected the Fed to proceed with reducing its US$120 billion monthly asset purchases.

- Date: 2021-09-22 · published 2021-09-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45317-ringgit-lower-against-us-dollar-ahead-of-us-fed-decision-on-tapering-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expectations of Fed tapering strengthen the dollar against emerging-market currencies, which raises the cost of dollar-priced feed imports for Malaysia and the region.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/09/22/ringgit-lower-against-us-dollar-ahead-of-us-fed-decision-on-tapering/2007578

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