# Ringgit advances against US dollar

> The ringgit traded at 4.4335/4500 per dollar on the morning of January 22, 2025, after Bank Negara Malaysia kept its overnight policy rate at 3%. Analysts said the central bank was in no hurry to cut rates while regional peers had begun easing.

- Date: 2025-01-23 · published 2025-01-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/26773-ringgit-advances-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A steady central bank rate supports the ringgit, which can keep Malaysian palm oil priced in dollars slightly cheaper for regional buyers.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/economy/2025/01/1165019/ringgit-advances-against-us-dollar%C2%A0

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