# The Ringgit Is at Risk From Falling Oil and Slowing Growth

> Malaysia's ringgit has held up better than regional peers through the virus outbreak and the crude price slump. Analysts expect a widening fiscal deficit, political risk, falling global demand and a possible economic contraction to weigh on it. The currency's resilience may soon reverse.

- Date: 2020-05-01 · published 2020-05-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/53930-the-ringgit-is-at-risk-from-falling-oil-and-slowing-growth
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit would lift the local-currency cost of imported feed ingredients for Malaysian buyers. The outlook depends on oil demand and the domestic economy.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-04-05/the-ringgit-is-at-risk-from-falling-oil-and-slowing-growth

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