# Ringgit extends gains against US dollar as traders reassess Fed rate outlook | Malay Mail

> The ringgit closed higher against the US dollar at about 4.0555 on October 30 as traders reassessed the chance of a Fed rate hike. The Fed had held its rate at 3.75-4.00% on October 28, and the dollar index fell 0.32% to 101.710. The ringgit was mixed against other currencies, weakening against the pound, euro and yen.

- Date: 2026-10-30 · published 2026-11-01T17:12:00.559Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/17298-ringgit-extends-gains-against-us-dollar-as-traders-reassess-fed-rate-outlook
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit trims the local cost of dollar-priced feed imports, while shifts in Fed rate expectations drive the dollar index that sets global grain and meal prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2026/10/30/ringgit-extends-gains-against-us-dollar-as-traders-reassess-fed-rate-outlook/241322

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