# Ringgit rebounds vs US dollar amid volatile forex market

> The ringgit reversed five days of losses to open slightly higher against the US dollar on September 29, trading at about 4.625 per dollar. It was weaker against the euro, pound, Singapore dollar and yen in the same session. A trader warned the dollar was expected to keep rising against the ringgit.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/39862-ringgit-rebounds-vs-us-dollar-amid-volatile-forex-market
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

This is routine intraday currency movement with no new policy or supply cause, so it carries little direct weight for feed prices. The broader trend of a weaker ringgit still raises the dollar cost of Malaysian imports.

## Read by commodity

- USDMYR: neutral

## Sources

- newmalaysiatimes.com: https://newmalaysiatimes.com/ringgit-rebounds-vs-us-dollar-amid-volatile-forex-market/

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