# Ringgit slightly higher against US dollar at opening | Malay Mail

> The ringgit opened slightly higher against the US dollar on March 28 at 4.2070/2115, supported by the global economic recovery. An analyst said the ringgit looked oversold and could move between RM4.19 and RM4.20 that day.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42533-ringgit-slightly-higher-against-us-dollar-at-opening-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A slightly firmer ringgit makes dollar-priced feed imports marginally cheaper for Malaysian buyers, with little change to the broader price outlook.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/03/28/ringgit-slightly-higher-against-us-dollar-at-opening2/2049986

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