# RM opens 120 bps lower amid falling oil prices, US yields spike

> The ringgit opened 120 basis points weaker at 4.1210/1260 per dollar on March 19 as Brent crude fell 6.9% to $63.28 a barrel. The US 10-year Treasury yield rose to 1.71%, its highest since January 2020.

- Date: 2021-03-19 · published 2021-03-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48389-rm-opens-120-bps-lower-amid-falling-oil-prices-us-yields-spike
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Falling crude and rising US yields weigh on energy-linked currencies and feed-related commodity values, while a firmer dollar pressures dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- BRENT: bearish ▼
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-09-21 | [Oil Prices Fall Amid Broad Selloff \| Rigzone](https://feedsoft.ai/events/10536-oil-prices-fall-amid-broad-selloff-rigzone.md) | -2.9% | -1.2% |
| BRENT | 2020-02-27 | [Rupee strengthens against USD amid easing crude oil prices](https://feedsoft.ai/events/54861-rupee-strengthens-against-usd-amid-easing-crude-oil-prices.md) | -5.0% | -51.1% |
| BRENT | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -9.8% | -13.9% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |
| BRENT | 2020-03-09 | [Ringgit to endure volatility amid lower oil prices, increased virus fears](https://feedsoft.ai/events/54382-ringgit-to-endure-volatility-amid-lower-oil-prices-increased-virus-fears.md) | -27.3% | -36.6% |
| DXY | 2018-10-19 | [Rupee opens tad lower against US dollar, bond yields fall - CNBC TV18](https://feedsoft.ai/events/62814-rupee-opens-tad-lower-against-us-dollar-bond-yields-fall-cnbc-tv18.md) | +0.6% | +1.0% |
| DXY | 2020-12-10 | [RM opens slightly lower against USD](https://feedsoft.ai/events/49923-rm-opens-slightly-lower-against-usd.md) | -0.3% | -0.2% |
| DXY | 2023-09-28 | [Indian rupee poised to test record low as oil prices, US yields climb - Markets - Business Recorder](https://feedsoft.ai/events/34393-indian-rupee-poised-to-test-record-low-as-oil-prices-us-yields-climb-markets.md) | +0.5% | +0.8% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2021/03/675153/rm-opens-120-bps-lower-amid-falling-oil-prices-us-yields-spike

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