# Hike in US interest rate to put pressure on ringgit

> Analysts expect the ringgit to come under pressure as the Federal Reserve is set to raise rates at its September meeting. Bank Islam's chief economist cited US inflation above target and strong GDP growth, along with trade tensions between the US and China.

- Date: 2018-09-18 · published 2018-09-18T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63306-hike-in-us-interest-rate-to-put-pressure-on-ringgit
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected Fed tightening and US-China trade friction point to a firmer dollar, which raises import costs for Malaysian feed and fuel buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-28 | [Ringgit, KLCI down after US interest-rate hike](https://feedsoft.ai/events/63304-ringgit-klci-down-after-us-interest-rate-hike.md) | +0.6% | +1.3% |
| DXY | 2018-10-30 | [BOT expected to hike key interest rate](https://feedsoft.ai/events/62795-bot-expected-to-hike-key-interest-rate.md) | -0.2% | +0.8% |
| DXY | 2019-09-24 | [Rates In US Continue To Put Upwards Pressure On The US Dollar \| Exchange Rates UK](https://feedsoft.ai/events/57274-rates-in-us-continue-to-put-upwards-pressure-on-the-us-dollar-exchange-rates-uk.md) | +0.6% | -1.1% |
| DXY | 2025-01-08 | [High US Dollar Index to put pressure on Vietnamese dong in 2025](https://feedsoft.ai/events/26837-high-us-dollar-index-to-put-pressure-on-vietnamese-dong-in-2025.md) | +0.6% | -0.5% |
| DXY | 2024-12-19 | [US Interest Rate Stance Pressures Base Metal Prices - Finimize](https://feedsoft.ai/events/26854-us-interest-rate-stance-pressures-base-metal-prices-finimize.md) | +0.5% | +1.4% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2018/09/412471/hike-us-interest-rate-put-pressure-ringgit

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