# Ringgit appreciates to 4.08 against US dollar | Malay Mail

> The ringgit closed at 4.0870/0930 per US dollar on April 30, up from 4.1000/1050 on Wednesday. Analysts attributed the gain to steady crude oil prices, with Brent near US$67 per barrel, and to optimism about Malaysia's growth after the Asian Development Bank projected 6% GDP growth for 2021.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/47864-ringgit-appreciates-to-4-08-against-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the cost of dollar-priced feed imports such as soybean meal and corn for Malaysian buyers, though the move is modest.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2021/04/30/ringgit-appreciates-to-4.08-against-us-dollar/1970682

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