# Malaysian Ringgit Gains Ground Against US Dollar in Anticipation of OPR Decision - MalaysiaForexMagazine.com

> The ringgit gained against the US dollar at the open as traders anticipated Bank Negara Malaysia's upcoming Overnight Policy Rate decision. Analysts linked the move to expectations for the policy outcome.

- Date: 2024-01-24 · published 2024-01-24T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/32380-malaysian-ringgit-gains-ground-against-us-dollar-in-anticipation-of-opr
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves ahead of central bank decisions have limited direct effect on feed commodity prices, but a stronger ringgit slightly raises the cost of Malaysian palm oil in dollar terms.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaysiaforexmagazine.com: https://malaysiaforexmagazine.com/2024/01/malaysian-ringgit-gains-ground-against-us-dollar-in-anticipation-of-opr-decision/

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