# Ringgit slides as investors seek out safe havens | The Star

> The ringgit opened lower on November 21 at 4.1950/2000 against the US dollar, retreating from Monday's gains. Analysts said lower oil prices, a stronger dollar and the escalating US-China trade dispute were weighing on the currency, which was close to the 4.20 level.

- Date: 2018-11-20 · published 2018-11-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62309-ringgit-slides-as-investors-seek-out-safe-havens-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude oil prices and a weaker ringgit pull on Malaysian palm oil values and biodiesel economics. A weaker ringgit can lift the ringgit price of palm oil exports, which partly offsets the downside.

## Read by commodity

- WTI: bearish ▼
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-10-01 | [Oil settles lower as investors brace for possible OPEC+ output hike](https://feedsoft.ai/events/23036-oil-settles-lower-as-investors-brace-for-possible-opec-output-hike.md) | -1.0% | -3.5% |
| WTI | 2022-11-22 | [Oil prices retreat as investor sentiment darkens](https://feedsoft.ai/events/38849-oil-prices-retreat-as-investor-sentiment-darkens.md) | -2.1% | -4.7% |
| WTI | 2020-09-09 | [Dollar and yen rise as tech selloff sends investors to safety \| Financial Post](https://feedsoft.ai/events/51342-dollar-and-yen-rise-as-tech-selloff-sends-investors-to-safety-financial-post.md) | +3.9% | +10.1% |
| WTI | 2020-06-11 | [Canadian dollar slides as investor risk appetite wanes \| Financial Post](https://feedsoft.ai/events/52864-canadian-dollar-slides-as-investor-risk-appetite-wanes-financial-post.md) | -4.1% | +0.2% |
| WTI | 2022-09-29 | [C$ slides as currency handbook goes 'out the window' \| Financial Post](https://feedsoft.ai/events/39814-c-slides-as-currency-handbook-goes-out-the-window-financial-post.md) | +6.8% | +7.8% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/11/21/ringgit-slides-as-investors-seek-out-safe-havens/

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