# Ringgit ends higher against US dollar for third day running

> The ringgit closed higher against the US dollar for a third straight session at 4.0850/0900, as optimism over Covid-19 vaccines reduced demand for the greenback. Dealers also cited stable crude prices and expectations that Malaysia's Budget 2021 would pass Parliament.

- Date: 2020-11-24 · published 2020-11-24T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50405-ringgit-ends-higher-against-us-dollar-for-third-day-running
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the cost of ringgit-priced imports for Malaysian feed and oilseed buyers, while palm oil and other Malaysian commodity prices in dollar terms are only marginally affected by this move.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thesun.my: https://thesun.my/news/ringgit-ends-higher-against-us-dollar-for-third-day-running-xa5299541/

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