# Malaysia’s ringgit may keep tumbling amid the market's Trump tantrum

> The ringgit has been among the hardest hit currencies after Donald Trump's election, with the dollar rising as much as 5.8 percent against it in November. The dollar reached 4.43 ringgit, its highest in more than a year. Analysts at Macquarie said the central bank's intervention and warnings to banks on offshore forwards signal more pain ahead.

- Date: 2016-11-21 · published 2016-11-21T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/74107-malaysia-s-ringgit-may-keep-tumbling-amid-the-market-s-trump-tantrum
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Persistent ringgit weakness lowers Malaysian palm oil prices in dollar terms and affects producer margins, which can pressure palm oil and palm-based feed ingredient prices.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-12-23 | [Navigating The Volatility Of The Malaysian Ringgit Amid US Fed Policies - BusinessToday](https://feedsoft.ai/events/27224-navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies.md) | +1.0% | -9.9% |
| PALMOIL | 2020-05-23 | [Sideways trading seen for the ringgit as trade tensions worsen \| Malay Mail](https://feedsoft.ai/events/53396-sideways-trading-seen-for-the-ringgit-as-trade-tensions-worsen-malay-mail.md) | +9.7% | +16.2% |
| PALMOIL | 2021-12-06 | [Malaysia Ringgit To Remain At Weaker Levels Through 2022 - BusinessToday](https://feedsoft.ai/events/43876-malaysia-ringgit-to-remain-at-weaker-levels-through-2022-businesstoday.md) | +3.1% | +6.3% |
| PALMOIL | 2020-05-27 | [Malaysia macro update – It’s downtime \| articles \| ING THINK](https://feedsoft.ai/events/53394-malaysia-macro-update-it-s-downtime-articles-ing-think.md) | +12.9% | +16.5% |
| PALMOIL | 2022-04-20 | [Ringgit touches near two-year low, Asian stocks track Wall St strength \| Malaysiakini](https://feedsoft.ai/events/42105-ringgit-touches-near-two-year-low-asian-stocks-track-wall-st-strength.md) | -1.5% | -2.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2016/11/21/why-malaysias-ringgit-may-keep-tumbling-amid-the-markets-trump-tantrum.html

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