# Ringgit opens higher against USD, Asean currencies ahead of GDP data release | Scoop

> The ringgit opened higher against the US dollar and other Asean currencies ahead of Malaysia's 2024 GDP release. Analysts expected fourth-quarter growth of 4.8% and full-year 2024 growth of 5.1%, and the ringgit traded near 4.43 per dollar.

- Date: 2025-02-14 · published 2025-02-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/26330-ringgit-opens-higher-against-usd-asean-currencies-ahead-of-gdp-data-release
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local-currency cost of dollar-priced feed and oilseed imports, which can ease Malaysian buyers' costs.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- scoop.my: https://www.scoop.my/news/247177/ringgit-opens-higher-against-usd-asean-currencies-ahead-of-gdp-data-release/

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