# Ringgit opens lower against US dollar ahead of full lockdown | Malay Mail

> The ringgit opened lower against the US dollar at 4.1420/1500 from Friday's close of 4.1320/1350, as investors turned cautious ahead of a nationwide full movement control order starting June 1. Analysts said investors may shift toward currencies of countries seen as better at handling Covid-19.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/47363-ringgit-opens-lower-against-us-dollar-ahead-of-full-lockdown-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit lowers the cost of Malaysian-denominated inputs relative to dollar prices, but palm oil and other Malaysian export prices are dollar-based, so the effect on feed ingredient prices is limited.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/05/31/ringgit-opens-lower-against-us-dollar-ahead-of-full-lockdown/1978331

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