# Ringgit falls on stronger dollar direction, markets await Fed decision

> The ringgit weakened slightly against the US dollar last week, closing at 4.1195 per dollar versus 4.1128 the prior week, as the greenback held firm. Markets were widely expecting the Fed to cut rates at its end-of-month meeting.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58342-ringgit-falls-on-stronger-dollar-direction-markets-await-fed-decision
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A firmer dollar and currency weakness in Malaysia affect palm oil and feed costs priced in dollars, while anticipated Fed easing could ease pressure on emerging-market currencies.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-28 | [Yen falls on dovish BOJ as market awaits Fed decision](https://feedsoft.ai/events/39369-yen-falls-on-dovish-boj-as-market-awaits-fed-decision.md) | +1.2% | -2.4% |
| DXY | 2025-10-21 | [South African rand falls on stronger dollar \| Reuters](https://feedsoft.ai/events/22706-south-african-rand-falls-on-stronger-dollar-reuters.md) | +0.1% | +0.5% |
| DXY | 2025-10-29 | [Dollar drifts higher ahead of Fed decision, Aussie gains on CPI \| MarketScreener](https://feedsoft.ai/events/22662-dollar-drifts-higher-ahead-of-fed-decision-aussie-gains-on-cpi-marketscreener.md) | +1.0% | +0.5% |
| DXY | 2024-12-24 | [Dollar edges higher as Fed rates view sets direction](https://feedsoft.ai/events/27135-dollar-edges-higher-as-fed-rates-view-sets-direction.md) | +0.8% | -0.1% |
| DXY | 2017-05-09 | [Dollar Surges Broadly as Markets Raising Bets on June Fed Hike - ActionForex](https://feedsoft.ai/events/71189-dollar-surges-broadly-as-markets-raising-bets-on-june-fed-hike-actionforex.md) | -0.6% | -2.1% |
| PALMOIL | 2022-06-28 | [Ringgit appreciates against US dollar on improved market sentiment \| Malay Mail](https://feedsoft.ai/events/41230-ringgit-appreciates-against-us-dollar-on-improved-market-sentiment-malay-mail.md) | -24.1% | -29.6% |
| PALMOIL | 2021-03-30 | [Ringgit opens easier against US Dollar](https://feedsoft.ai/events/48387-ringgit-opens-easier-against-us-dollar.md) | -4.0% | -0.7% |
| PALMOIL | 2020-07-19 | [Headwinds for the Malaysian Ringgit Are Only Getting Stronger - Bloomberg](https://feedsoft.ai/events/52372-headwinds-for-the-malaysian-ringgit-are-only-getting-stronger-bloomberg.md) | +2.0% | +8.9% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/07/29/ringgit-falls-on-stronger-dollar-direction-markets-await-fed-decision/

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