# (MYR USD): Malaysian Ringgit Set for Best Streak of Gains in 17 Months - Bloomberg

> The ringgit rose as much as 0.5% to 4.6630 per dollar on Friday, set for a seventh day of gains and its longest winning streak since January 2023. Traders are betting that the interest-rate gap with the US will narrow.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29551-myr-usd-malaysian-ringgit-set-for-best-streak-of-gains-in-17-months-bloomberg
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Ringgit strength reduces the local cost of Malaysian palm oil in dollar terms only marginally at these levels, so the price impact on feed markets is minor.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-07-12/malaysian-ringgit-set-for-best-streak-of-gains-in-17-months

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