# Ringgit retreats to end lower against US dollar | Malay Mail

> The ringgit ended lower against the dollar at 4.1200/1240, down from 4.1150/1200, as traders turned risk-averse after MCO 3.0 was enforced. Bank Negara kept its overnight policy rate at 1.75%, and US ADP payrolls rose 742,000 in April, below the 800,000 forecast.

- Date: 2021-05-06 · published 2021-05-06T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/47370-ringgit-retreats-to-end-lower-against-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves in Malaysia tied to lockdown measures have little direct effect on feed ingredient prices, though they can influence palm oil export competitiveness.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/05/06/ringgit-retreats-to-end-lower-against-us-dollar1/1972202

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