# Ringgit opens slightly higher as US dollar tumbles on Omicron concern | Malay Mail

> The ringgit opened slightly higher on November 29 at 4.2350/2395 per US dollar as the greenback retreated on concerns over the Omicron variant and new travel restrictions. A Bank Islam economist said the ringgit's selloff looked overdone, and a Hong Leong note said the dollar had risen for nine straight sessions the previous Friday.

- Date: 2021-11-29 · published 2021-11-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44304-ringgit-opens-slightly-higher-as-us-dollar-tumbles-on-omicron-concern-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit slightly lowers the local cost of dollar-priced feed ingredients, though the effect is small on an opening move.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/11/29/ringgit-opens-slightly-higher-as-us-dollar-tumbles-on-omicron-concern/2024482

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