# Ringgit rebounds against US dollar at close

> The ringgit strengthened against the US dollar at 4.1480/1530 on November 4, after fluctuating over the previous three sessions. A dealer linked the move to positive external sentiment following the US election, with Biden's win seen as reducing the risk of US-China trade escalation.

- Date: 2020-11-05 · published 2020-11-05T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50413-ringgit-rebounds-against-us-dollar-at-close
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Reduced US-China trade war risk supports Asian currencies and regional demand for agricultural commodities, while the ringgit's move itself has limited direct effect on feed prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2020/11/638496/ringgit-rebounds-against-us-dollar-close

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