# Ringgit ends higher against US dollar on positive China sentiment | Malay Mail

> The ringgit closed higher against the US dollar on November 30 at around 4.4420/4500, reflecting renewed buying interest tied to a favourable China reopening outlook. Analysts cited expectations of a slower Federal Reserve rate path and easing US inflation.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38930-ringgit-ends-higher-against-us-dollar-on-positive-china-sentiment-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A stronger ringgit tied to China reopening optimism signals firmer Asian demand expectations for commodities, though the direct effect on feed prices is modest.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-06-28 | [Ringgit appreciates against US dollar on improved market sentiment \| Malay Mail](https://feedsoft.ai/events/41230-ringgit-appreciates-against-us-dollar-on-improved-market-sentiment-malay-mail.md) | -24.1% | -29.6% |
| PALMOIL | 2021-01-14 | [StanChart sees ringgit rising to 3.90 against US dollar by end-2021 \| Malay Mail](https://feedsoft.ai/events/49426-stanchart-sees-ringgit-rising-to-3-90-against-us-dollar-by-end-2021-malay-mail.md) | -4.2% | -7.6% |
| PALMOIL | 2021-03-30 | [Ringgit opens easier against US Dollar](https://feedsoft.ai/events/48387-ringgit-opens-easier-against-us-dollar.md) | -4.0% | -0.7% |
| PALMOIL | 2024-07-31 | [Ringgit nears 11-month high in 9-day rally against US dollar \| Malaysiakini](https://feedsoft.ai/events/29550-ringgit-nears-11-month-high-in-9-day-rally-against-us-dollar-malaysiakini.md) | -1.9% | +1.5% |
| PALMOIL | 2019-06-29 | [Ringgit’s performance hinges on outcome of US-China talks \| Malay Mail](https://feedsoft.ai/events/58857-ringgit-s-performance-hinges-on-outcome-of-us-china-talks-malay-mail.md) | -2.4% | -0.2% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/11/30/ringgit-ends-higher-against-us-dollar-on-positive-china-sentiment/42762

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