# Ringgit opens lower on heightened demand for US dollar | Malay Mail

> The ringgit opened lower against the US dollar on January 29, 2021, trading at 4.0500/0560 from 4.0440/0470 the prior Wednesday. Traders attributed the dollar's strength to safe-haven demand, as slow COVID-19 vaccine rollouts weighed on emerging-market currencies. The ringgit was mixed against other majors.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49422-ringgit-opens-lower-on-heightened-demand-for-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the ringgit cost of USD-priced imports and does not directly move feed commodity prices. The move is a routine currency fluctuation with little bearing on feed buyers.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/01/29/ringgit-opens-lower-on-heightened-demand-for-us-dollar/1945040

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