# Malaysian ringgit climbs to 1-month high on robust economy - Nikkei Asia

> The Malaysian ringgit rose to its highest level in a month against the dollar this week. Analysts attributed the gain to solid economic growth and Bank Negara Malaysia's decision to hold rates steady rather than cut.

- Date: 2025-01-23 · published 2025-01-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/26769-malaysian-ringgit-climbs-to-1-month-high-on-robust-economy-nikkei-asia
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit makes Malaysian imports cheaper in ringgit terms and can weigh on palm oil prices quoted in local currency, though the move is modest for feed buyers.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/malaysian-ringgit-climbs-to-1-month-high-on-robust-economy

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