# Malaysia's ringgit, Singapore dollar gains as travel curbs ease | Financial Post

> The ringgit reached a near one-month high on 11 October after Malaysia lifted interstate and international travel restrictions. Asian currencies were broadly firmer, though the dollar index rose to 94.139 as traders priced in US bond tapering. Singapore's third-quarter growth data was due later that week.

- Date: 2021-10-11 · published 2021-10-11T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44835-malaysia-s-ringgit-singapore-dollar-gains-as-travel-curbs-ease-financial-post
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Reopening supports the regional economic outlook and firmer Asian currencies, which can lower the dollar cost of Malaysian palm oil. Expectations of US tapering that lift the dollar are a counterweight.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/malaysias-ringgit-singapore-dollar-gains-as-travel-curbs-ease

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