# EMERGING MARKETS-Asian currencies rise as U.S. stimulus push hurts dollar; BNM holds fire   By Reuters

> Asian currencies rose on January 20, 2021 as the dollar retreated after Janet Yellen signaled support for more stimulus. Bank Negara Malaysia kept its overnight policy rate at a record low of 1.75%, and the ringgit traded at 4.042 per dollar. Five of 15 economists in a Reuters poll had expected a hold, while most had expected a cut.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49427-emerging-markets-asian-currencies-rise-as-u-s-stimulus-push-hurts-dollar-bnm
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A central bank hold on rates, against expectations of a cut, slightly supports the ringgit. The impact on feed commodity prices is minimal.

## Read by commodity

- USDMYR: neutral

## Sources

- in.investing.com: https://in.investing.com/news/emerging-marketsasian-currencies-rise-as-us-stimulus-push-hurts-dollar-bnm-holds-fire-2572247

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