# Ringgit opens easier against US dollar | Malaysia now

> The ringgit opened weaker at 4.0600/0660 per dollar as Brent crude fell 0.86% to US$49.65 per barrel. Analysts said the currency was trading more on oil swings than on domestic factors, and that falling equity volumes could hurt risk assets.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49921-ringgit-opens-easier-against-us-dollar-malaysia-now
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices weaken the ringgit and can reduce Malaysia's export income, which affects the local-currency cost of imported feed. The effect on feed markets is limited.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bullish ▲

## Sources

- malaysianow.net: https://malaysianow.net/ringgit-opens-easier-against-us-dollar/

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