# Ringgit dips as US economic outlook spurs safe haven shift | FMT

> The ringgit opened slightly lower at 4.7200/4.7250 per dollar on June 28 as a cautious US economic outlook pushed investors into haven currencies. Markets were awaiting the PCE inflation reading, which was expected to ease, and the Atlanta Fed's Bostic signaled possible cuts once inflation trends down.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/30063-ringgit-dips-as-us-economic-outlook-spurs-safe-haven-shift-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Safe-haven dollar demand weakens Asian currencies and can raise the local cost of imported feed ingredients in Malaysia.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2024/06/28/ringgit-dips-as-us-economic-outlook-spurs-safe-haven-shift

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