# Ringgit falls to 2018 low as Asia currencies weaken | The Star

> The ringgit declined to its lowest level of 2018 against the dollar, reaching 4.0860 per dollar, as most Asian emerging-market currencies weakened on concerns over an intensifying US-China trade war and a stronger dollar. The move reflects broad regional currency weakness.

- Date: 2018-08-06 · published 2018-08-06T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63778-ringgit-falls-to-2018-low-as-asia-currencies-weaken-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit lowers the dollar cost of Malaysian palm oil, but the trade-war driven dollar strength also weighs on dollar-priced commodity demand, leaving the net price effect modest.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-06-30 | [Ringgit closes higher against major currencies \| The Star](https://feedsoft.ai/events/24461-ringgit-closes-higher-against-major-currencies-the-star.md) | +2.5% | +5.5% |
| PALMOIL | 2018-08-07 | [Ringgit to remain weaker as US dollar strengthens against most currencies \| Borneo Post Online](https://feedsoft.ai/events/63779-ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies.md) | +0.0% | +2.6% |
| PALMOIL | 2017-06-29 | [Report: Ringgit strongest currency in Asia \| Malaysiakini](https://feedsoft.ai/events/70757-report-ringgit-strongest-currency-in-asia-malaysiakini.md) | +3.1% | +4.2% |
| PALMOIL | 2024-04-08 | [Ringgit sole regional currency to strengthen against USD since Feb 26: BNM  \| Scoop](https://feedsoft.ai/events/31020-ringgit-sole-regional-currency-to-strengthen-against-usd-since-feb-26-bnm-scoop.md) | -1.3% | -10.7% |
| PALMOIL | 2021-03-07 | [Ringgit likely to stay weak against Asean peers - Omni Capital Partners](https://feedsoft.ai/events/48393-ringgit-likely-to-stay-weak-against-asean-peers-omni-capital-partners.md) | +6.6% | -1.7% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/08/07/ringgit-falls-to-2018-low-as-asia-currencies-weaken/

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