# Ringgit higher against US dollar at opening | Malaysia now

> The ringgit rose to 4.0530/0560 per dollar, extending the previous day's gains as Brent traded above US$50 for the first time since the March crash. Hopes for a faster vaccine rollout supported expectations of higher oil demand in early 2021.

- Date: 2020-12-10 · published 2020-12-10T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49922-ringgit-higher-against-us-dollar-at-opening-malaysia-now
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher oil prices support the ringgit because Malaysia is a major oil producer, and firmer crude can lift energy-linked costs for feed production and transport. The currency move itself has limited direct feed impact.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-12-04 | [Ringgit surges to 4.06 against dollar \| Malay Mail](https://feedsoft.ai/events/67748-ringgit-surges-to-4-06-against-dollar-malay-mail.md) | -1.9% | +3.5% |
| WTI | 2026-07-29 | [Ringgit shows slight gain against US dollar amid Fed meeting anticipation \| Malay Mail](https://feedsoft.ai/events/18625-ringgit-shows-slight-gain-against-us-dollar-amid-fed-meeting-anticipation-malay.md) | -2.7% | +8.2% |
| WTI | 2020-04-22 | [Ringgit closes higher as sentiment on oil improves - Focus Malaysia](https://feedsoft.ai/events/53932-ringgit-closes-higher-as-sentiment-on-oil-improves-focus-malaysia.md) | +33.7% | +249.4% |
| WTI | 2018-11-01 | [Rupee dips further, hits new record closing low of 74.39 against US dollar](https://feedsoft.ai/events/62813-rupee-dips-further-hits-new-record-closing-low-of-74-39-against-us-dollar.md) | -5.6% | -21.2% |
| WTI | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | +12.5% | +19.3% |
| 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% |
| BRENT | 2020-12-31 | [Ringgit extends gains against US dollar at opening \| Malay Mail](https://feedsoft.ai/events/49918-ringgit-extends-gains-against-us-dollar-at-opening-malay-mail.md) | +5.9% | +8.2% |
| 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% |

## Sources

- malaysiajournal.com: https://malaysiajournal.com/ringgit-higher-against-us-dollar-at-opening/
- thesun.my: https://thesun.my/news/ringgit-ends-higher-against-us-dollar-fj5568601/

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