# Ringgit opens higher against US$ in improved sentiment | The Star

> The ringgit opened higher against the US dollar on May 29 after reports of a 60-day US-Iran truce, which pushed Brent crude down 1.04% to US$93.31 per barrel. US PCE inflation rose to 3.8% in April and the Dollar Index fell 0.21%.

- Date: 2026-05-29 · published 2026-05-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/19534-ringgit-opens-higher-against-us-in-improved-sentiment-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices reduce biofuel and energy-linked support for vegetable oils and corn, while a firmer ringgit can pressure Malaysian palm oil prices in ringgit terms.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2020-03-22 | [Ringgit opens lower against US dollar in early session \| Malaysiakini](https://feedsoft.ai/events/54380-ringgit-opens-lower-against-us-dollar-in-early-session-malaysiakini.md) | -10.0% | -19.8% |
| BRENT | 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) | +1.3% | -20.5% |
| BRENT | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | -0.4% | +0.0% |
| BRENT | 2018-11-23 | [Ringgit opens slightly lower againts USD: 23 Nov](https://feedsoft.ai/events/62310-ringgit-opens-slightly-lower-againts-usd-23-nov.md) | -5.4% | -14.0% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/05/29/ringgit-opens-higher-against-us-in-improved-sentiment

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