# Malaysia's ringgit erases Covid-19 losses to rise to strongest since 2018 - The Business Times

> The ringgit rose as much as 0.3% to 4.0483 per dollar, its strongest level since July 2018, erasing its virus-related losses for the year. The gains followed a weaker dollar, higher crude prices, and easing domestic political tension.

- Date: 2020-12-10 · published 2020-12-10T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49919-malaysia-s-ringgit-erases-covid-19-losses-to-rise-to-strongest-since-2018-the
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit tends to reduce the local cost of imported feed inputs but can weigh on Malaysia's export-reliant economy and palm oil competitiveness. The effect on feed prices is modest.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/malaysias-ringgit-erases-covid-19-losses-rise-strongest-2018

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