# An uphill battle for the Ringgit

> An analysis piece argues the ringgit faces pressure from Malaysia's budget deficit, rising unemployment at 3.9%, and escalating US-China tensions. Trump announced retaliation measures against China after the Hong Kong dispute. The piece calls for Malaysia to attract investment as a trade diversion destination.

- Date: 2020-05-31 · published 2020-05-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/53393-an-uphill-battle-for-the-ringgit
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Escalating US-China tensions raise risk aversion and could weigh on regional currencies and commodity demand, a mild negative for palm oil and feed ingredient prices.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2020/05/31/an-uphill-battle-for-the-ringgit/

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