# Ringgit opens lower against US dollar despite correction in greenback index | Malay Mail

> The ringgit opened lower against the US dollar at 4.3710/3750 on May 31, despite a pullback in the dollar index to 101.367. Analysts cited a lack of buying support and continued fears of hawkish moves by the Federal Reserve and the ECB.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/41672-ringgit-opens-lower-against-us-dollar-despite-correction-in-greenback-index
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Persistent hawkish global central bank policy keeps the dollar firm against emerging-market currencies, which can raise the local-currency cost of dollar-priced feed imports in Malaysia.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/05/31/ringgit-opens-lower-against-us-dollar-despite-correction-in-greenback-index/9762

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