# Ringgit continues slide against greenback | Malay Mail

> The ringgit kept weakening against the US dollar on July 29, closing near 4.2360/2410 from 4.2330/2355 the prior day. An analyst attributed the slide to rising Covid-19 cases and the Federal Reserve's cautious stance on withdrawing emergency support.

- Date: 2021-07-29 · published 2021-07-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46326-ringgit-continues-slide-against-greenback-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

A weaker ringgit raises the ringgit cost of imported feed inputs for Malaysian buyers, while a firmer dollar tends to pressure dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-11 | [Ringgit continues downtrend against greenback ahead of US inflation report \| Malay Mail](https://feedsoft.ai/events/36681-ringgit-continues-downtrend-against-greenback-ahead-of-us-inflation-report.md) | -0.4% | -1.0% |
| DXY | 2024-12-19 | [Ringgit declines to RM4.50 against greenback over US rate cuts \| Malaysiakini](https://feedsoft.ai/events/27221-ringgit-declines-to-rm4-50-against-greenback-over-us-rate-cuts-malaysiakini.md) | +0.5% | +1.4% |
| DXY | 2022-10-31 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/39386-ringgit-ends-lower-against-us-dollar-malay-mail.md) | -0.1% | -2.8% |
| DXY | 2023-08-23 | [Ringgit ends lower against US dollar on economic uncertainties \| Malay Mail](https://feedsoft.ai/events/34848-ringgit-ends-lower-against-us-dollar-on-economic-uncertainties-malay-mail.md) | -0.1% | +0.5% |
| DXY | 2023-04-26 | [Ringgit slips further against US dollar in tandem with regional currencies \| Malay Mail](https://feedsoft.ai/events/36678-ringgit-slips-further-against-us-dollar-in-tandem-with-regional-currencies.md) | -0.0% | +0.6% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/07/29/ringgit-continues-slide-against-greenback/1993691

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