# Ringgit ends lower against US dollar on weak demand | Malay Mail

> The ringgit closed lower against the US dollar at 4.1925/1950 from 4.1815/1835, as weak demand reflected higher appetite for the greenback. Analysts cited a sharp rise in the 10-year US Treasury yield above 1.8% and China's interest rate cut as factors weighing on the currency.

- Date: 2022-01-19 · published 2022-01-19T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/43397-ringgit-ends-lower-against-us-dollar-on-weak-demand-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A weaker ringgit can lower Malaysian palm oil costs in ringgit terms and support palm oil export competitiveness, while a firmer dollar tends to pressure dollar-denominated commodity prices.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/01/19/ringgit-ends-lower-against-us-dollar-on-weak-demand/2036192

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