# Ringgit opens lower on worsening US-China trade war | Malay Mail

> The ringgit opened lower against the US dollar on May 30, 2019, slipping to 4.1930/1980 from 4.1920/1960 at the prior close. Dealers blamed the greenback's strength amid the worsening US-China trade war, with the ringgit mostly firmer against other major currencies.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59335-ringgit-opens-lower-on-worsening-us-china-trade-war-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Risk aversion from the trade war pushes emerging-market currencies lower, which can weigh on Asian demand sentiment for commodities and raise import costs for Malaysian feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [Ringgit ends marginally lower as trade war returns to focus \| Malay Mail](https://feedsoft.ai/events/58343-ringgit-ends-marginally-lower-as-trade-war-returns-to-focus-malay-mail.md) | +0.9% | +1.8% |
| DXY | 2021-03-30 | [Ringgit ends lower on firmer US dollar \| Malay Mail](https://feedsoft.ai/events/48386-ringgit-ends-lower-on-firmer-us-dollar-malay-mail.md) | -0.5% | -1.9% |
| DXY | 2022-10-31 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/39386-ringgit-ends-lower-against-us-dollar-malay-mail.md) | -0.1% | -2.8% |
| DXY | 2022-06-01 | [Ringgit opens lower against US dollar amid feats of accelerating inflation \| Malay Mail](https://feedsoft.ai/events/41235-ringgit-opens-lower-against-us-dollar-amid-feats-of-accelerating-inflation.md) | +0.3% | +2.4% |
| DXY | 2019-05-31 | [Ringgit continues downtrend, centred on US-China trade woes](https://feedsoft.ai/events/59336-ringgit-continues-downtrend-centred-on-us-china-trade-woes.md) | -0.4% | -1.5% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/05/30/ringgit-opens-lower-on-worsening-us-china-trade-war/1757704

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