# Ringgit Opens Firmer Against The Greenback Amid Mixed Data Points

> The ringgit opened higher against the US dollar on Monday at 4.6775/6795, compared with Friday's close of 4.6830/6875. Traders reacted to mixed US and European Union purchasing managers' index data.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33432-ringgit-opens-firmer-against-the-greenback-amid-mixed-data-points
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit reduces the local cost of dollar-priced imports for Malaysia, but the move is minor and has little effect on feed or commodity prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2023/11/27/ringgit-opens-firmer-against-the-greenback-amid-mixed-data-points/

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