# Ringgit up 140 bps against US dollar on oil price rally, lower US treasury yields

> The ringgit gained 140 basis points against the US dollar on January 13, 2021, closing at 4.0410/0460 from 4.0550/0600. Analysts linked the move to a crude oil rally, with Brent at about US$56.63, and to lower US 10-year Treasury yields after a retreat from a 10-month high. The story also noted the two-week movement control order in Malaysia.

- Date: 2021-01-13 · published 2021-01-13T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49423-ringgit-up-140-bps-against-us-dollar-on-oil-price-rally-lower-us-treasury-yields
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Ringgit strength tied to higher crude and softer dollar reflects broad commodity-led risk appetite. For feed buyers it signals firmer energy costs and a softer dollar, which can support dollar-priced grain and meal.

## Read by commodity

- BRENT: bullish ▲
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-02-04 | [Ringgit marginally higher against us dollar on improving oil prices \| Malay Mail](https://feedsoft.ai/events/48915-ringgit-marginally-higher-against-us-dollar-on-improving-oil-prices-malay-mail.md) | +4.8% | +10.0% |
| BRENT | 2021-09-30 | [Ringgit opens lower against US dollar \| Malay Mail](https://feedsoft.ai/events/45319-ringgit-opens-lower-against-us-dollar-malay-mail.md) | +3.8% | +7.8% |
| BRENT | 2022-02-28 | [Ringgit opens firmer against US dollar, supported by oil prices \| Malay Mail](https://feedsoft.ai/events/42959-ringgit-opens-firmer-against-us-dollar-supported-by-oil-prices-malay-mail.md) | +23.1% | +23.8% |
| BRENT | 2022-02-18 | [Ringgit opens higher against US dollar on steady commodity prices](https://feedsoft.ai/events/42965-ringgit-opens-higher-against-us-dollar-on-steady-commodity-prices.md) | +6.4% | +16.9% |
| BRENT | 2020-04-27 | [Ringgit opens higher against US dollar](https://feedsoft.ai/events/53928-ringgit-opens-higher-against-us-dollar.md) | +19.9% | +86.8% |

## Sources

- thesun.my: https://thesun.my/news/ringgit-up-140-bps-against-us-dollar-on-oil-price-rally-lower-us-treasury-yields-nj6092096/

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