# Ringgit rises to 9-month high on Fed’s decision

> The ringgit rose to a nine-month high of RM4.053 against the dollar after the Federal Reserve said it would not raise rates in 2019. Analysts said the dovish Fed stance supported emerging-market currencies.

- Date: 2019-03-22 · published 2019-03-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60363-ringgit-rises-to-9-month-high-on-fed-s-decision
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer ringgit lowers the local cost of dollar-priced imports such as feed ingredients, while a dovish Fed weakens the dollar broadly, which tends to support dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-26 | [Ringgit hits 28-month high against US dollar as Fed says its time to adjust policy](https://feedsoft.ai/events/29075-ringgit-hits-28-month-high-against-us-dollar-as-fed-says-its-time-to-adjust.md) | +0.7% | -0.0% |
| DXY | 2020-09-01 | [Ringgit ends at seven-month high as dollar continues to slip \| Malay Mail](https://feedsoft.ai/events/51361-ringgit-ends-at-seven-month-high-as-dollar-continues-to-slip-malay-mail.md) | +0.6% | +1.5% |
| DXY | 2025-09-17 | [Ringgit ends near one-year high vs US$ on Fed cut hopes \| The Star](https://feedsoft.ai/events/23162-ringgit-ends-near-one-year-high-vs-us-on-fed-cut-hopes-the-star.md) | +0.4% | +1.5% |
| DXY | 2020-08-06 | [Sterling rises to 5-month high - Markets - Business Recorder](https://feedsoft.ai/events/51867-sterling-rises-to-5-month-high-markets-business-recorder.md) | +0.3% | -0.7% |
| DXY | 2020-12-03 | [Dollar's weakness pushes won to 30-month high](https://feedsoft.ai/events/49890-dollar-s-weakness-pushes-won-to-30-month-high.md) | -0.5% | -1.2% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/03/22/ringgit-rises-to-9-month-high-on-feds-decision/

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