# Ringgit under pressure from dollar strength and divided Fed

> The ringgit weakened as much as 0.8% against the dollar after the Fed cut rates for a second time this year but signaled no further cuts. Analysts said US yields and the dollar rose and that the ringgit had not rallied on the oil price jump. The currency is 1.5% weaker year to date.

- Date: 2019-09-20 · published 2019-09-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57341-ringgit-under-pressure-from-dollar-strength-and-divided-fed
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger dollar and weaker ringgit raise the local cost of imported feed ingredients, while the Fed's signal of no further cuts supports the dollar.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-15 | [Dollar gains after hawkish Fed, pound under pressure from dovish BOE - The Business Times](https://feedsoft.ai/events/38479-dollar-gains-after-hawkish-fed-pound-under-pressure-from-dovish-boe-the.md) | +0.4% | -2.2% |
| DXY | 2023-02-28 | [Rand pressured by a stronger US dollar - Moneyweb](https://feedsoft.ai/events/37617-rand-pressured-by-a-stronger-us-dollar-moneyweb.md) | -0.7% | -0.9% |
| DXY | 2017-03-31 | [AUD/USD: under pressure on strong dollar, awaiting Chinese data — Octa](https://feedsoft.ai/events/72248-aud-usd-under-pressure-on-strong-dollar-awaiting-chinese-data-octa.md) | +0.4% | +0.4% |
| DXY | 2022-04-28 | [Rand pressured by strong dollar - Moneyweb](https://feedsoft.ai/events/42125-rand-pressured-by-strong-dollar-moneyweb.md) | +0.1% | -0.4% |
| DXY | 2024-10-31 | [US economic strength fuelling USD upside, pressuring AUD/USD and NZD/USD](https://feedsoft.ai/events/28122-us-economic-strength-fuelling-usd-upside-pressuring-aud-usd-and-nzd-usd.md) | +0.7% | +1.4% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/09/20/ringgit-under-pressure-from-dollar-strength-and-divided-fed/

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