# Ringgit recovers as US dollar retreats from 20-year high

> The ringgit strengthened at Tuesday's close to 4.4745/4780 per US dollar, from 4.4885/4915 the previous day. The US dollar eased from a 20-year high after the euro recovered, and Brent crude stayed above US$102 per barrel.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40300-ringgit-recovers-as-us-dollar-retreats-from-20-year-high
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local-currency cost of dollar-priced imports for Malaysian feed and ingredient buyers, a modest easing of costs for palm-based feed inputs.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2022/08/30/ringgit-recovers-as-us-dollar-retreats-from-20-year-high/

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