# Ringgit opens easier against US dollar as investors await clues | Scoop

> The ringgit opened weaker against the US dollar on April 29, trading at 4.7715/7810 from 4.7650/7710 at Friday's close. Investors were waiting for the upcoming FOMC meeting and other data.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31016-ringgit-opens-easier-against-us-dollar-as-investors-await-clues-scoop
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Routine currency moves tied to Fed expectations have little direct effect on feed prices. A weaker ringgit modestly supports Malaysian palm oil competitiveness.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- scoop.my: https://www.scoop.my/news/192250/ringgit-opens-easier-against-us-dollar-as-investors-await-clues/

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