# Ringgit opens firmer despite safe-haven demand

> The ringgit opened firmer against the US dollar despite safe-haven demand. The article text is mostly a list of unrelated Malaysian national headlines, with no detail on the currency move itself.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/27220-ringgit-opens-firmer-despite-safe-haven-demand
- 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 makes Malaysian palm oil slightly more expensive for buyers priced in dollars, a minor influence on palm oil and feed-ingredient prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Sources

- nst.com.my: https://www.nst.com.my/business/economy/2024/12/1154734/ringgit-opens-firmer-despite-safe-haven-demand

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