# Bank Negara: Ringgit appreciated against US dollar since Oct 1, supported by improved domestic outlook | Malay Mail

> Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus said the ringgit had appreciated 0.9% against the US dollar since October 1 as of November 9. She attributed the gain to an improved domestic outlook from economic reopening and higher commodity prices, and warned of continued volatility from global liquidity shifts.

- Date: 2021-11-12 · published 2021-11-12T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44307-bank-negara-ringgit-appreciated-against-us-dollar-since-oct-1-supported-by
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local cost of dollar-priced feed inputs, but the central bank expects continued volatility that could reverse this.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2021/11/12/bank-negara-ringgit-appreciated-against-us-dollar-since-oct-1-supported-by/2020366

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