# Ringgit rallies for fifth day on Asean Summit optimism, US Fed rate hopes | Malay Mail

> The ringgit rose for a fifth straight day on Oct 29, closing at 4.1850/1900 per US dollar. Gains were attributed to the successful Asean Summit and expectations of a Fed rate cut that evening.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/22685-ringgit-rallies-for-fifth-day-on-asean-summit-optimism-us-fed-rate-hopes-malay
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit lowers the local cost of dollar-denominated feed and commodity imports. Its effect on palm oil and feed prices is modest.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2025/10/29/ringgit-rallies-for-fifth-day-on-asean-summit-optimism-us-fed-rate-hopes/196491

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