# Political clouds continue to hover over the ringgit

> Analysts say political risks continue to weigh on the ringgit despite an expansionary budget and its outperformance against safe-haven currencies. Higher US Treasury yields are strengthening the dollar and weighing on regional currencies.

- Date: 2020-11-11 · published 2020-11-11T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50411-political-clouds-continue-to-hover-over-the-ringgit
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Persistent political uncertainty and firmer US yields create two-way currency risk for Malaysian buyers, making ringgit-denominated feed costs harder to forecast.

## Read by commodity

- DXY: bullish ▲
- USDMYR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-18 | [Rising risks of higher interest rates to continue influencing ringgit movement](https://feedsoft.ai/events/37601-rising-risks-of-higher-interest-rates-to-continue-influencing-ringgit-movement.md) | +0.7% | +0.4% |
| DXY | 2022-03-07 | [The USD/VND rate may continue to rise](https://feedsoft.ai/events/42562-the-usd-vnd-rate-may-continue-to-rise.md) | +0.3% | -1.0% |
| DXY | 2019-05-31 | [Ringgit continues downtrend, centred on US-China trade woes](https://feedsoft.ai/events/59336-ringgit-continues-downtrend-centred-on-us-china-trade-woes.md) | -0.4% | -1.5% |
| DXY | 2018-09-13 | [Expect US dollar to continue rising against ringgit, say economists \| FMT](https://feedsoft.ai/events/63307-expect-us-dollar-to-continue-rising-against-ringgit-say-economists-fmt.md) | -0.5% | +0.2% |
| DXY | 2024-03-19 | [The US dollar could be undervalued if commodities continue to rip higher](https://feedsoft.ai/events/31106-the-us-dollar-could-be-undervalued-if-commodities-continue-to-rip-higher.md) | +0.4% | +1.5% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2020/11/11/political-clouds-continue-to-hover-over-the-ringgit/

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