# Ringgit opens easier vs US dollar as oil price declines

> The ringgit opened weaker at 4.4830/4860 per US dollar on Thursday, against 4.4745/4780 at Tuesday's close. Brent crude fell 2.84% to US$96.49 per barrel as traders priced in weaker global growth and China's depressed factory activity.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40302-ringgit-opens-easier-vs-us-dollar-as-oil-price-declines
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the local-currency cost of dollar-priced imports, while lower oil prices reduce the energy-driven pressure on feed costs.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- thesun.my: https://thesun.my/business/ringgit-opens-easier-vs-us-dollar-as-oil-price-declines-dc9765270/

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