# Ringgit ends marginally higher versus greenback on improved sentiment

> The ringgit closed marginally higher against the US dollar on improved sentiment after Malaysia administered over 200,000 Covid-19 vaccine doses daily. Markets also awaited the outcome of the US Federal Open Market Committee meeting that day.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46866-ringgit-ends-marginally-higher-versus-greenback-on-improved-sentiment
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A slightly firmer ringgit lowers the local cost of dollar-priced feed imports, though the effect is small and the Fed decision is the bigger near-term driver.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thesun.my: https://thesun.my/news/ringgit-ends-marginally-higher-versus-greenback-on-improved-sentiment-ji7974579/

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