# Ringgit opens lower as US dollar gains momentum on retail sales data | Malay Mail

> The ringgit opened slightly lower on November 16 at 4.1630/1655 per US dollar ahead of US October retail sales data. Analysts pointed to a 10-year Treasury yield above 1.60% and a DXY above 95 after hot US inflation.

- Date: 2021-11-16 · published 2021-11-16T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44306-ringgit-opens-lower-as-us-dollar-gains-momentum-on-retail-sales-data-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A softer ringgit raises the local cost of dollar-priced feed imports, and a stronger dollar tends to weigh on US-priced grain and meal.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/11/16/ringgit-opens-lower-as-us-dollar-gains-momentum-on-retail-sales-data/2021238

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