# Ringgit a tad higher vs greenback on higher oil price, China stimulus hopes | Malay Mail

> The ringgit edged higher against the US dollar on firmer oil prices and hopes for Chinese economic stimulus, closing near 4.673. Traders said the dollar-ringgit pair had been on a one-way climb and positions may have been stretched.

- Date: 2023-06-26 · published 2023-06-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/35773-ringgit-a-tad-higher-vs-greenback-on-higher-oil-price-china-stimulus-hopes
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A slightly firmer ringgit trims import costs for Malaysian feed buyers only marginally. The move is routine currency commentary with no lasting driver.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2023/06/26/ringgit-a-tad-higher-vs-greenback-on-higher-oil-price-china-stimulus-hopes/76491

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