# Ringgit strengthens against US dollar amid Russia-Ukraine tensions

> The ringgit strengthened against the US dollar at the February 23, 2022 open, rising to 4.1815/1845 from 4.1845/1855. Analysts said Russia-Ukraine tensions added uncertainty to foreign exchange and commodity markets, and traders were reassessing global rate hike expectations.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42964-ringgit-strengthens-against-us-dollar-amid-russia-ukraine-tensions
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves in the ringgit alter the local cost of dollar-priced feed imports, while uncertainty in commodity markets adds volatility to input pricing.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2022/02/23/ringgit-strengthens-against-us-dollar-amid-russia-ukraine-tensions/

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