# Traders, federal govt at risk from volatility in ringgit and oil prices

> Washington and Beijing agreed to a trade truce pending further talks, but markets remain volatile. Analysts expect ringgit and oil price volatility to persist this year, driven by US-China trade developments and Fed policy.

- Date: 2019-07-08 · published 2019-07-08T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58352-traders-federal-govt-at-risk-from-volatility-in-ringgit-and-oil-prices
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent trade-war uncertainty and oil volatility raise costs for trade-dependent firms and can shift dollar-priced commodity demand from China.

## Read by commodity

- WTI: neutral
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-03-15 | [Canola supplies from Australia continue to put pressure on canola prices in the EU](https://feedsoft.ai/events/36957-canola-supplies-from-australia-continue-to-put-pressure-on-canola-prices-in-the.md) | -2.6% | +16.9% |
| WTI | 2018-04-04 | [Oil down slightly; U.S. inventory draw offsets trade war fears](https://feedsoft.ai/events/10845-oil-down-slightly-u-s-inventory-draw-offsets-trade-war-fears.md) | +3.2% | +6.0% |
| WTI | 2019-11-12 | [Commodities Week Ahead: Oil, Gold Await Trump Take On Trade War, Powell Testimony](https://feedsoft.ai/events/55963-commodities-week-ahead-oil-gold-await-trump-take-on-trade-war-powell-testimony.md) | +0.1% | +4.2% |
| WTI | 2018-04-04 | [Oil ends slightly lower on trade fears - MarketWatch](https://feedsoft.ai/events/10846-oil-ends-slightly-lower-on-trade-fears-marketwatch.md) | +3.2% | +6.0% |
| WTI | 2026-05-15 | [US, Brazil see jump in ethanol exports as consumers seek to boost fuel supplies](https://feedsoft.ai/events/19247-us-brazil-see-jump-in-ethanol-exports-as-consumers-seek-to-boost-fuel-supplies.md) | -4.4% | -15.6% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/07/08/traders-federal-govt-at-risk-from-volatility-in-ringgit-and-oil-prices/

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