# Ringgit opens higher against US dollar

> The ringgit opened higher against the US dollar at 4.1955/2005 from 4.1990/2020, supported by better-than-expected industrial production data for November 2021, which rose 9.4% year on year. A trader expected the currency could test the 4.2450 region in coming days.

- Date: 2022-01-11 · published 2022-01-11T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/43403-ringgit-opens-higher-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the ringgit cost of palm oil exports and marginally eases Malaysian import costs, though the effect on feed prices is small.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2022/01/11/ringgit-opens-higher-against-us-dollar-2/

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