# Volatility in the Malaysian ringgit to remain, policy tweaks could smoothen ride - CNA

> The Malaysian ringgit rebounded strongly on July 14 to 4.52 per US dollar after snapping several weeks of new lows near 4.65-4.67. The move was driven mainly by US economic data, and analysts expect volatility to persist with a slight bias toward ringgit strength.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/35321-volatility-in-the-malaysian-ringgit-to-remain-policy-tweaks-could-smoothen-ride
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local-currency cost of imported feed ingredients such as soybean meal and corn, easing pressure on Malaysian feed buyers. Analysts see only gradual gains, so the effect on feed prices is limited.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/asia/malaysia-ringgit-volatility-economy-policy-tweaks-3629316

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