# Ringgit to remain weaker as US dollar strengthens against most currencies | Borneo Post Online

> Analysts at AmInvestment Bank expect the ringgit to stay weak through 2018 as the US dollar strengthens against most currencies. They project two more 25 basis point Fed hikes in September and December. The bank also said Bank Negara has little urgency to change its overnight policy rate of 3.25%.

- Date: 2018-08-07 · published 2018-08-07T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63779-ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A persistently weak ringgit and firmer dollar support Malaysian palm oil competitiveness in export markets, while higher US rates raise the cost of carrying dollar-linked commodity inventories.

## Read by commodity

- DXY: bullish ▲
- 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 | 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 | 2021-03-30 | [Ringgit opens easier against US Dollar](https://feedsoft.ai/events/48387-ringgit-opens-easier-against-us-dollar.md) | -4.0% | -0.7% |
| PALMOIL | 2018-08-06 | [Ringgit falls to 2018 low as Asia currencies weaken \| The Star](https://feedsoft.ai/events/63778-ringgit-falls-to-2018-low-as-asia-currencies-weaken-the-star.md) | +1.8% | +0.9% |
| PALMOIL | 2022-11-30 | [Ringgit ends higher against US dollar on positive China sentiment \| Malay Mail](https://feedsoft.ai/events/38930-ringgit-ends-higher-against-us-dollar-on-positive-china-sentiment-malay-mail.md) | +3.7% | -0.4% |
| DXY | 2026-03-27 | [Ringgit weakens past 4.00 against US dollar \| The Star](https://feedsoft.ai/events/20417-ringgit-weakens-past-4-00-against-us-dollar-the-star.md) | +0.1% | -1.4% |
| DXY | 2023-04-26 | [Ringgit slips further against US dollar in tandem with regional currencies \| Malay Mail](https://feedsoft.ai/events/36678-ringgit-slips-further-against-us-dollar-in-tandem-with-regional-currencies.md) | -0.0% | +0.6% |
| DXY | 2024-05-30 | [Ringgit opens lower against US$, mostly higher vs other major currencies » The Capital Post](https://feedsoft.ai/events/30538-ringgit-opens-lower-against-us-mostly-higher-vs-other-major-currencies-the.md) | +0.3% | +1.8% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/08/08/ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies/

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