# Ringgit opens lower as oil prices retreat | Malay Mail

> The ringgit opened lower on November 22 at 4.1870/1895 per US dollar as the greenback strengthened on inflation concerns and calls for faster Fed tightening. Brent crude fell 0.56% to US$78.45.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44305-ringgit-opens-lower-as-oil-prices-retreat-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit modestly raises the local cost of dollar-priced feed imports, and the oil move points to softer energy-linked costs.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/11/22/ringgit-opens-lower-as-oil-prices-retreat1/2022682

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