# RM opens slightly lower against USD

> The ringgit opened slightly weaker at 4.0655/0690 per dollar, reversing part of its recent gains. The dollar firmed overnight on concerns that a US fiscal stimulus package might not be approved, while US oil markets were steady after a large inventory build.

- Date: 2020-12-10 · published 2020-12-10T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49923-rm-opens-slightly-lower-against-usd
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar raises the local-currency cost of dollar-priced feed imports for Malaysian buyers. The move is small and driven by US fiscal uncertainty rather than commodity supply.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-30 | [Ringgit opens lower against US$, mostly higher vs other major currencies » The Capital Post](https://feedsoft.ai/events/30538-ringgit-opens-lower-against-us-mostly-higher-vs-other-major-currencies-the.md) | +0.3% | +1.8% |
| DXY | 2018-10-19 | [Rupee opens tad lower against US dollar, bond yields fall - CNBC TV18](https://feedsoft.ai/events/62814-rupee-opens-tad-lower-against-us-dollar-bond-yields-fall-cnbc-tv18.md) | +0.6% | +1.0% |
| DXY | 2018-11-13 | [Ringgit ends lower against US dollar \| FMT](https://feedsoft.ai/events/62311-ringgit-ends-lower-against-us-dollar-fmt.md) | -0.4% | -0.2% |
| DXY | 2023-12-11 | [Ringgit opens on softer note against US dollar \| Scoop](https://feedsoft.ai/events/32989-ringgit-opens-on-softer-note-against-us-dollar-scoop.md) | -0.8% | -0.9% |
| DXY | 2022-10-31 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/39386-ringgit-ends-lower-against-us-dollar-malay-mail.md) | -0.1% | -2.8% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2020/12/648304/rm-opens-slightly-lower-against-usd

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