# MYR: Probing the oil 'disconnect' - ANZ - Forex Crunch

> ANZ analysts say the ringgit has decoupled from oil prices due to temporary factors such as divergent crude, LNG and palm oil prices, and durable structural changes in Malaysia's energy trade. They expect the disconnect to persist for some time.

- Date: 2020-01-21 · published 2020-01-21T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/55346-myr-probing-the-oil-disconnect-anz-forex-crunch
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The analysis suggests the ringgit will not track oil closely, which matters for palm oil buyers hedging currency exposure against crude-linked moves.

## Read by commodity

- WTI: neutral
- USDMYR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +3.5% | +10.2% |
| WTI | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -0.6% | +12.6% |
| WTI | 2018-03-26 | [China oil futures launch may threaten primacy of U.S. dollar: UBS](https://feedsoft.ai/events/66216-china-oil-futures-launch-may-threaten-primacy-of-u-s-dollar-ubs.md) | -4.2% | +3.2% |
| WTI | 2025-03-19 | [US Fed meeting: ⁠How will FOMC meeting impact gold and crude oil prices? \| Stock Market News](https://feedsoft.ai/events/25475-us-fed-meeting-how-will-fomc-meeting-impact-gold-and-crude-oil-prices-stock.md) | +3.0% | -8.5% |
| WTI | 2026-01-01 | [COMMENTARY: China overtakes OPEC+ as the main oil price maker](https://feedsoft.ai/events/21669-commentary-china-overtakes-opec-as-the-main-oil-price-maker.md) | +0.8% | +13.0% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/01/21/myr-probing-the-oil-disconnect-anz/

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