# Ringgit Opens Higher Against US Dollar

> The ringgit opened stronger against the US dollar at 4.4120/4170, compared with Thursday's close of 4.4185/4225. The dollar index fell 0.48% to 102.144 overnight. Traders were awaiting the US core PCE inflation release.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/37146-ringgit-opens-higher-against-us-dollar
- 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 against a softer dollar is routine currency movement with little direct effect on feed ingredient prices.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2023/03/31/ringgit-opens-higher-against-us-dollar-2/

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