# Ringgit opens lower against US dollar amid cautious sentiment | Malay Mail

> The ringgit opened lower at 4.7250/7265 against the dollar as investors awaited Fed rate decisions and higher US Treasury yields strengthened the greenback. Brent crude fell to about US$92.25 per barrel, and Malaysia reported a record monthly trade surplus for September.

- Date: 2022-10-20 · published 2022-10-20T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/39385-ringgit-opens-lower-against-us-dollar-amid-cautious-sentiment-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Dollar strength and lower crude prices weigh on the ringgit and on energy-linked costs for Malaysian buyers. The move is routine and has little direct effect on feed prices.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/10/20/ringgit-opens-lower-against-us-dollar-amid-cautious-sentiment/34638

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