# Ringgit, CPO bounce back, but not equity market

> The ringgit rose to an eight-month high against the dollar, closing at 4.1065 on December 30. Crude palm oil gained to its highest level in almost three years after a challenging year for Malaysia's second-largest export. Analysts cited the US-China phase one deal and Brexit clarity as drivers of ringgit strength.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/55828-ringgit-cpo-bounce-back-but-not-equity-market
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A near three-year high in CPO reflects tighter palm supply and improved trade sentiment, which supports vegetable oil prices and raises the cost of palm-based feed ingredients. The stronger ringgit also modestly lowers the local-currency cost of imports.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-11-28 | [Ringgit Lesu, Harga CPO Tembus Level Tertinggi Baru](https://feedsoft.ai/events/10931-ringgit-lesu-harga-cpo-tembus-level-tertinggi-baru.md) | +3.7% | +4.4% |
| PALMOIL | 2020-07-01 | [Ringgit could hit 4.00 by year-end](https://feedsoft.ai/events/52378-ringgit-could-hit-4-00-by-year-end.md) | +0.6% | +7.0% |
| PALMOIL | 2017-06-07 | [Malaysian ringgit to rally to eight-month high, top banker says - The Business Times](https://feedsoft.ai/events/70761-malaysian-ringgit-to-rally-to-eight-month-high-top-banker-says-the-business.md) | -2.0% | +0.6% |
| PALMOIL | 2026-04-30 | [Ringgit closes softer against major currencies on oil volatility, US Fed stance \| Malay Mail](https://feedsoft.ai/events/19960-ringgit-closes-softer-against-major-currencies-on-oil-volatility-us-fed-stance.md) | +0.5% | -1.1% |
| PALMOIL | 2026-04-30 | [Ringgit dips toward 3.96 versus dollar as global uncertainty mounts \| Malay Mail](https://feedsoft.ai/events/19959-ringgit-dips-toward-3-96-versus-dollar-as-global-uncertainty-mounts-malay-mail.md) | +0.5% | -1.1% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/12/31/ringgit-cpo-bounce-back-but-not-equity-market/

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