# Ringgit extends gains, lifted by Asean summit success | FMT

> The ringgit extended its gains on Oct 29 after the 47th Asean Summit, opening at 4.1870/4.2065 per US dollar. Analysts also pointed to a widely expected Fed cut and optimism over a possible US-China trade deal.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/22686-ringgit-extends-gains-lifted-by-asean-summit-success-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Regional stability and firmer Asian currencies improve buyers' import economics for dollar-priced feed ingredients. The price effect on feed commodities is small.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2025/10/29/ringgit-extends-gains-ahead-of-key-fomc-decision

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