# Ringgit opens lower against US$, mostly higher vs other major currencies » The Capital Post

> The ringgit opened weaker against the US dollar on May 30, dropping to about 4.715 per dollar. The dollar index moved above 105 and 10-year Treasury yields rose to 4.61%, while the ringgit traded mostly firmer against other major currencies.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/30538-ringgit-opens-lower-against-us-mostly-higher-vs-other-major-currencies-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher yields tighten financing conditions for importers of US-priced feed ingredients, which can weigh on demand in price-sensitive Asian markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-08-07 | [Ringgit to remain weaker as US dollar strengthens against most currencies \| Borneo Post Online](https://feedsoft.ai/events/63779-ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies.md) | +1.4% | +1.4% |
| DXY | 2026-03-30 | [Ringgit, regional currencies end lower vs US dollar as geopolitical tensions persist \| Malay Mail](https://feedsoft.ai/events/20414-ringgit-regional-currencies-end-lower-vs-us-dollar-as-geopolitical-tensions.md) | -0.2% | -1.8% |
| DXY | 2023-04-26 | [Ringgit slips further against US dollar in tandem with regional currencies \| Malay Mail](https://feedsoft.ai/events/36678-ringgit-slips-further-against-us-dollar-in-tandem-with-regional-currencies.md) | -0.0% | +0.6% |
| DXY | 2020-12-10 | [RM opens slightly lower against USD](https://feedsoft.ai/events/49923-rm-opens-slightly-lower-against-usd.md) | -0.3% | -0.2% |
| DXY | 2022-10-31 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/39386-ringgit-ends-lower-against-us-dollar-malay-mail.md) | -0.1% | -2.8% |

## Sources

- capitalpost.com.my: https://www.capitalpost.com.my/ringgit-opens-lower-against-us-mostly-higher-vs-other-major-currencies/

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