# Ringgit Opens Strongly Amid Upcoming U.S. Fed, BNM Meetings

> The ringgit opened higher against the US dollar on October 30, rising to 4.7575/7625 from Friday's close of 4.7750/7800. Markets are watching the US FOMC meeting and Bank Negara Malaysia's policy meeting on November 2.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33898-ringgit-opens-strongly-amid-upcoming-u-s-fed-bnm-meetings
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expectations of a steady Fed rate and upcoming central bank decisions drive short-term currency moves that affect dollar-denominated feed import costs in Malaysia.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2023/10/30/ringgit-opens-strongly-amid-upcoming-u-s-fed-bnm-meetings/

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