# Ringgit extends gains to close higher against US dollar | Malay Mail

> The ringgit closed at 4.0960/1000 per US dollar on April 26, rising 120 points from the previous Friday. The move followed Malaysia's US$1.3 billion sovereign sukuk issuance, which was oversubscribed 6.4 times, and a weaker dollar on US growth uncertainty.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/47865-ringgit-extends-gains-to-close-higher-against-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit against a softer dollar slightly reduces Malaysian feed and ingredient import costs, with limited direct effect on grain prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2021/04/26/ringgit-extends-gains-to-close-higher-against-us-dollar4/1969599

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