# USD/MYR: Malaysian Ringgit rises to an 18-month high - Currency Live

> The ringgit rose to an 18-month high against the dollar on August 28, with the pair trading near 4.343. Foreign investors had bought net RM1.2 billion of Malaysian assets in August so far.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29074-usd-myr-malaysian-ringgit-rises-to-an-18-month-high-currency-live
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger ringgit tied to equity inflows lowers the local cost of Malaysian palm oil in dollar terms, a mild bearish factor for palm oil prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Sources

- currencylive.com: https://currencylive.com/news/109217-usd-myr-malaysian-ringgit-rises-to-an-18-month-high/

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