# Ringgit opens marginally higher against US dollar | Malay Mail

> The ringgit opened marginally higher on July 30 at 4.2350/2400 against the dollar. US GDP came in at 6.5% versus an expected 8.5%, leaving the greenback trading sideways.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46328-ringgit-opens-marginally-higher-against-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weak US GDP print eases dollar strength, which modestly supports ringgit-priced imports and dollar-denominated commodity values for Asian buyers.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |
| DXY | 2021-12-17 | [Ringgit opens lower against US dollar](https://feedsoft.ai/events/43870-ringgit-opens-lower-against-us-dollar.md) | -0.2% | -0.8% |
| DXY | 2020-04-30 | [Ringgit opens higher against USD](https://feedsoft.ai/events/53929-ringgit-opens-higher-against-usd.md) | +0.7% | -1.4% |
| DXY | 2020-11-09 | [Ringgit surges against US dollar at close \| Malay Mail](https://feedsoft.ai/events/50409-ringgit-surges-against-us-dollar-at-close-malay-mail.md) | -0.1% | -1.7% |
| DXY | 2019-11-12 | [Ringgit opens higher against US dollar on American bond yield concerns](https://feedsoft.ai/events/56339-ringgit-opens-higher-against-us-dollar-on-american-bond-yield-concerns.md) | +0.0% | -0.1% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/07/30/ringgit-opens-marginally-higher-against-us-dollar16/1993827

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