# Ringgit opens slightly higher against US dollar | FMT

> The ringgit opened slightly higher against the US dollar at 4.1540/1570 on November 8, after the Fed announced it would taper its asset purchases. Kenanga Research cited a ringgit-US bond yield spread above 211 basis points and expected further gains from labour market and retail sales data.

- Date: 2021-11-08 · published 2021-11-08T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44309-ringgit-opens-slightly-higher-against-us-dollar-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit modestly lowers the local cost of dollar-priced feed imports, though the move is small and the outlook is mixed.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- staging-beta.freemalaysiatoday.com: https://staging-beta.freemalaysiatoday.com/category/business/2021/11/08/ringgit-opens-slightly-higher-against-us-dollar-28

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