# Ringgit ends lower against US dollar on weak sentiment, firmer dollar | Malay Mail

> The ringgit closed lower against the US dollar at 4.0450/0443 on Feb 26, pressured by a global bond sell-off that lifted US Treasury yields and drew money out of emerging-market currencies. Petronas also reported a RM21.0 billion FY2020 loss, its largest ever, which further weighed on sentiment.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48909-ringgit-ends-lower-against-us-dollar-on-weak-sentiment-firmer-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit makes Malaysian palm oil cheaper in dollar terms, which can soften palm oil prices for feed buyers. The effect is modest for a single session.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/02/26/ringgit-ends-lower-against-us-dollar-on-weak-sentiment-firmer-dollar/1953190

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