# Ringgit’s performance hinges on outcome of US-China talks | Malay Mail

> The ringgit strengthened to 4.1300/1350 against the US dollar on a Friday-to-Friday basis from 4.1480/1510. Analysts expect next week's performance to hinge on the Trump-Xi meeting over the weekend and an OPEC+ decision on production cuts.

- Date: 2019-06-29 · published 2019-06-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58857-ringgit-s-performance-hinges-on-outcome-of-us-china-talks-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A ringgit rally on easing US-China tensions and firmer oil would reduce pressure on Malaysia's palm oil and other commodity-linked exports priced in dollars, with limited direct effect on feed grain prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-11-30 | [Ringgit ends higher against US dollar on positive China sentiment \| Malay Mail](https://feedsoft.ai/events/38930-ringgit-ends-higher-against-us-dollar-on-positive-china-sentiment-malay-mail.md) | +3.7% | -0.4% |
| PALMOIL | 2018-12-31 | [Ringgit’s performance mixed in 2018 mainly due to external factors \| Malay Mail](https://feedsoft.ai/events/61798-ringgit-s-performance-mixed-in-2018-mainly-due-to-external-factors-malay-mail.md) | +5.3% | +8.0% |
| PALMOIL | 2023-03-06 | [MYR/USD: Worst for Malaysia Ringgit Seen Over on China Reopening - Bloomberg](https://feedsoft.ai/events/37148-myr-usd-worst-for-malaysia-ringgit-seen-over-on-china-reopening-bloomberg.md) | -5.6% | -9.0% |
| PALMOIL | 2024-09-26 | [BNM deputy governor: Malaysia’s reforms and US interest rate clarity keep ringgit on the up \| Malay Mail](https://feedsoft.ai/events/28588-bnm-deputy-governor-malaysia-s-reforms-and-us-interest-rate-clarity-keep.md) | +8.4% | +9.5% |
| 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% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/06/29/ringgits-performance-hinges-on-outcome-of-us-china-talks/1766593

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