# Ringgit extends loss to end lower against US dollar as investors opt for safe haven assets | Malay Mail

> The ringgit closed lower against the US dollar at 4.1700/1730 on September 17, extending its previous day's loss. The move followed a broader decline in emerging-market currencies as investors shifted toward safe-haven assets after stronger US retail sales and jobless claims data.

- Date: 2021-09-17 · published 2021-09-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45318-ringgit-extends-loss-to-end-lower-against-us-dollar-as-investors-opt-for-safe
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Stronger US data raised expectations of earlier Fed tapering, lifting the dollar and increasing the local-currency cost of dollar-priced commodity imports for Malaysia.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/09/17/ringgit-extends-loss-to-end-lower-against-us-dollar-as-investors-opt-for-sa/2006368

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