# Ringgit Appreciates Further Amid Softer US Dollar Demand - MCI Group

> The ringgit closed firmer against the US dollar on May 1, 2025, at 4.3130/3185 versus 4.3245/3300 the previous day. It also rose against the yen, euro and pound as the US Dollar Index stayed below 100 amid softer dollar demand over tariff uncertainty.

- Date: 2025-04-30 · published 2025-04-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/25385-ringgit-appreciates-further-amid-softer-us-dollar-demand-mci-group
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A firmer ringgit lowers the cost of Malaysian palm oil in dollar terms, which can modestly support palm oil prices for feed buyers.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Sources

- mcigroup.my: https://mcigroup.my/mci-business/ringgit-appreciates-further-amid-softer-us-dollar-demand/

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