# Ringgit buoyed by external trade and anticipation of Fed rate cut

> The ringgit finished the prior week 0.9% stronger at RM4.15 per dollar, ending two months of losses. Support came from Malaysia's trade and manufacturing data and expectations of an early Federal Reserve rate cut, though analysts warned Asian currencies remain exposed to US-China trade escalation.

- Date: 2019-06-10 · published 2019-06-10T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58861-ringgit-buoyed-by-external-trade-and-anticipation-of-fed-rate-cut
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger ringgit on domestic trade data reduces the cost of dollar-priced Malaysian palm oil imports, while ongoing US-China tension remains a downside risk for regional demand.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-07-31 | [MYR/USD: Malaysia Ringgit Rebound Set to Accelerate on Fed Rate Cuts, Exports - Bloomberg](https://feedsoft.ai/events/29549-myr-usd-malaysia-ringgit-rebound-set-to-accelerate-on-fed-rate-cuts-exports.md) | -1.9% | +1.5% |
| PALMOIL | 2018-08-03 | [Malaysia: Wider external surplus is positive for ringgit \| articles \| ING THINK](https://feedsoft.ai/events/63776-malaysia-wider-external-surplus-is-positive-for-ringgit-articles-ing-think.md) | +2.0% | +0.9% |
| PALMOIL | 2021-09-29 | [USD/MYR to dip to 4.12 by year-end as ringgit finds support from strong trade surplus – ANZ — Octa](https://feedsoft.ai/events/45316-usd-myr-to-dip-to-4-12-by-year-end-as-ringgit-finds-support-from-strong-trade.md) | +7.3% | +13.0% |
| 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 | 2019-04-25 | [FXTM: Ringgit undervalued as traders oversell on headline risks](https://feedsoft.ai/events/59836-fxtm-ringgit-undervalued-as-traders-oversell-on-headline-risks.md) | -4.1% | -7.5% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/06/10/ringgit-buoyed-by-external-trade-and-anticipation-of-fed-rate-cut/

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