# Ringgit Rises to 3.9130 vs Greenback on Strong Fundamentals, US Fed Holds Rates - MCI Group

> The ringgit opened at 3.9130 per US dollar, near its strongest level since April 2018, after the Federal Reserve kept rates unchanged. Bank Negara Malaysia's governor said the economic outlook is supported by solid fundamentals and a diversified export base.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/21327-ringgit-rises-to-3-9130-vs-greenback-on-strong-fundamentals-us-fed-holds-rates
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit on fundamentals reduces the ringgit value of Malaysian palm oil exports and supports the currency's upward trend.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- mcigroup.my: https://mcigroup.my/mci-business/ringgit-rises-to-3-9130-vs-greenback-on-strong-fundamentals-us-fed-holds-rates/

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