# Ringgit meningkat pada awal dagangan - DestinaAsia

> The ringgit opened higher against the US dollar on June 28 as risk appetite improved after S&P Global Ratings revised Malaysia's sovereign outlook to stable. S&P projects Malaysia's GDP growth at 6.1% this year and 5.0% in 2023. The Finance Minister said the outlook had been revised from negative.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/41236-ringgit-meningkat-pada-awal-dagangan-destinaasia
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit reduces the local currency cost of dollar-priced imports and palm oil exports. The effect on feed prices is limited because the move reflects sovereign credit news rather than commodity supply.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- destina.my: https://destina.my/ringgit-meningkat-pada-awal-dagangan/

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