# Ringgit opens lower against the US dollar

> The ringgit opened lower against the US dollar on August 1, 2022, ahead of the US nonfarm payrolls release. Analysts expected tight trading ranges while traders awaited the employment data.

- Date: 2022-07-31 · published 2022-07-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40747-ringgit-opens-lower-against-the-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Pre-data currency positioning has little direct effect on feed supply or demand, so the price impact is limited to minor shifts in dollar-denominated input costs.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- thesun.my: https://thesun.my/business/ringgit-opens-lower-against-the-us-dollar-aa9525301/

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