# Ringgit Rises Against U.S. Dollar In Early Trade As Risk Appetite Improves

> The ringgit rose against the US dollar in early trade on September 29, to 4.6930/6975 from 4.7055/7105 the prior close. The gain followed a selloff and a retreat in US bond yields from 16-year highs. An analyst attributed it to traders reading weak US economic data as reducing the likelihood of further Fed rate hikes.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34367-ringgit-rises-against-u-s-dollar-in-early-trade-as-risk-appetite-improves
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer ringgit modestly lowers the local cost of dollar-priced feed imports for Malaysian buyers, though the move is small and driven by currency flows rather than supply.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-11-01 | [US dollar slips as trade optimism boosts risk appetite](https://feedsoft.ai/events/22637-us-dollar-slips-as-trade-optimism-boosts-risk-appetite.md) | +0.0% | -0.2% |
| DXY | 2020-05-28 | [Dollar weak as improved risk appetite, EU recovery fund hopes lift euro](https://feedsoft.ai/events/53349-dollar-weak-as-improved-risk-appetite-eu-recovery-fund-hopes-lift-euro.md) | -1.9% | -1.3% |
| DXY | 2021-09-23 | [Dollar slumps as risk appetite rebounds](https://feedsoft.ai/events/44962-dollar-slumps-as-risk-appetite-rebounds.md) | +1.0% | -0.0% |
| DXY | 2021-12-17 | [Ringgit opens lower against US dollar](https://feedsoft.ai/events/43870-ringgit-opens-lower-against-us-dollar.md) | -0.2% | -0.8% |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2023/09/29/ringgit-rises-against-u-s-dollar-in-early-trade-as-risk-appetite-improves/

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