# Expect US dollar to continue rising against ringgit, say economists | FMT

> Economists say the US dollar is likely to keep rising against the ringgit, which has moved from RM4.04 to RM4.15 since the May election. They cited the US interest rate hikes and the Turkish financial crisis as drivers and cautioned against pegging the currency.

- Date: 2018-09-13 · published 2018-09-13T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63307-expect-us-dollar-to-continue-rising-against-ringgit-say-economists-fmt
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A persistently weak ringgit raises the local-currency cost of imported feed ingredients and supports palm oil prices in ringgit terms.

## Read by commodity

- DXY: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-11-13 | [Ringgit ends lower against US dollar \| FMT](https://feedsoft.ai/events/62311-ringgit-ends-lower-against-us-dollar-fmt.md) | -0.4% | -0.2% |
| DXY | 2024-10-25 | [US dollar forecast to continue strengthening against dong](https://feedsoft.ai/events/28167-us-dollar-forecast-to-continue-strengthening-against-dong.md) | +0.2% | +2.4% |
| DXY | 2023-08-23 | [Ringgit ends lower against US dollar on economic uncertainties \| Malay Mail](https://feedsoft.ai/events/34848-ringgit-ends-lower-against-us-dollar-on-economic-uncertainties-malay-mail.md) | -0.1% | +0.5% |
| DXY | 2024-05-03 | [Delay in US rate cuts bad news for ringgit, say economists \| FMT](https://feedsoft.ai/events/30541-delay-in-us-rate-cuts-bad-news-for-ringgit-say-economists-fmt.md) | -0.2% | -0.3% |
| 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% |
| PALMOIL | 2024-09-29 | [Ringgit set to go below 4.1 against US dollar and continue rising amid cautious outlook on US data](https://feedsoft.ai/events/28586-ringgit-set-to-go-below-4-1-against-us-dollar-and-continue-rising-amid-cautious.md) | +9.1% | +9.7% |
| PALMOIL | 2021-01-14 | [StanChart sees ringgit rising to 3.90 against US dollar by end-2021 \| Malay Mail](https://feedsoft.ai/events/49426-stanchart-sees-ringgit-rising-to-3-90-against-us-dollar-by-end-2021-malay-mail.md) | -4.2% | -7.6% |
| PALMOIL | 2021-03-30 | [Ringgit opens easier against US Dollar](https://feedsoft.ai/events/48387-ringgit-opens-easier-against-us-dollar.md) | -4.0% | -0.7% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/nation/2018/09/14/expect-us-dollar-to-continue-rising-against-ringgit-say-economists

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