# Ringgit diramal rendah minggu depan

> A Bernama dealer forecast that the ringgit would stay weak against the dollar the following week, citing lower crude oil prices and Federal Reserve support for higher rates. The ringgit had traded between 4.2760 and 4.2860 in the prior week.

- Date: 2017-06-24 · published 2017-06-24T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70759-ringgit-diramal-rendah-minggu-depan
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker crude prices can weigh on palm oil and biofuel demand, while a softer ringgit can offset some of that by lowering the local cost of Malaysian palm oil. The effect on feed prices is minor.

## Read by commodity

- WTI: bearish ▼
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-01-29 | [Ringgit extends winning streak](https://feedsoft.ai/events/38041-ringgit-extends-winning-streak.md) | -7.9% | -5.2% |
| WTI | 2020-05-28 | [Ringgit eases against USD](https://feedsoft.ai/events/53392-ringgit-eases-against-usd.md) | +13.8% | +15.7% |
| WTI | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -5.0% | -5.3% |
| WTI | 2026-06-01 | [Ringgit ends higher against US dollar on renewed risk appetite](https://feedsoft.ai/events/19535-ringgit-ends-higher-against-us-dollar-on-renewed-risk-appetite.md) | +1.7% | -21.8% |
| WTI | 2022-04-27 | [Ringgit headed for steepest monthly decline since 2016 \| FMT](https://feedsoft.ai/events/42101-ringgit-headed-for-steepest-monthly-decline-since-2016-fmt.md) | +0.2% | +9.1% |

## Sources

- malaysiagazette.com: https://malaysiagazette.com/2017/06/24/ringgit-diramal-rendah-minggu-depan/

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