# Sideways trading seen for the ringgit as trade tensions worsen | Malay Mail

> The ringgit is expected to trade sideways next week, tracking emerging market currencies amid US-China tensions and recession fears. An analyst warned the ringgit could touch 4.40 per dollar. Malaysia's leading indicator for March fell by the largest amount since November 1991.

- Date: 2020-05-23 · published 2020-05-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/53396-sideways-trading-seen-for-the-ringgit-as-trade-tensions-worsen-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Recession fears and trade tensions point to weaker regional demand, a mild bearish signal for palm oil and currency-linked feed input costs.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-11-21 | [Malaysia’s ringgit may keep tumbling amid the market's Trump tantrum](https://feedsoft.ai/events/74107-malaysia-s-ringgit-may-keep-tumbling-amid-the-market-s-trump-tantrum.md) | +1.4% | +6.6% |
| PALMOIL | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | +1.1% | -0.4% |
| PALMOIL | 2024-09-22 | [MYR USD: Malaysia Ringgit Set for Best Quarter Since 1973, Signaling More Gains - Bloomberg](https://feedsoft.ai/events/28584-myr-usd-malaysia-ringgit-set-for-best-quarter-since-1973-signaling-more-gains.md) | +1.1% | +9.0% |
| PALMOIL | 2025-05-29 | [Ringgit slips against US Dollar as fed seen delaying rate cuts](https://feedsoft.ai/events/24947-ringgit-slips-against-us-dollar-as-fed-seen-delaying-rate-cuts.md) | +2.7% | +3.9% |
| PALMOIL | 2024-12-23 | [Navigating The Volatility Of The Malaysian Ringgit Amid US Fed Policies - BusinessToday](https://feedsoft.ai/events/27224-navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies.md) | +1.0% | -9.9% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2020/05/23/sideways-trading-seen-for-the-ringgit-as-trade-tensions-worsen/1868836

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