# Ringgit edges up on political stability, relaxed healthcare management

> The ringgit is expected to extend its recent gains on investor preference for a more stable political environment under the new government and improving Covid-19 health management. The pair last traded at RM4.153, a two-month high for the local unit, with foreigners buying up to RM1 billion in local equities last week. Analysts see a range of RM4.16 to RM4.20 over the next two weeks.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45810-ringgit-edges-up-on-political-stability-relaxed-healthcare-management
- 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 imports such as soybean meal and corn, modestly easing feed input costs for Malaysian buyers.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2021/09/01/ringgit-edges-up-on-political-stability-relaxed-healthcare-management/

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