# EMERGING MARKETS-Malaysia ticks higher after parliament approves budget

> Malaysia's parliament approved the 2021 budget, a win for Prime Minister Muhyiddin Yassin, and the ringgit rose 0.4% on the news. Investors have raised bullish positions on most Asian currencies on promising COVID-19 vaccine trial results.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50416-emerging-markets-malaysia-ticks-higher-after-parliament-approves-budget
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Improved risk appetite for higher-yielding Asian assets supports regional currencies against the dollar, lowering the cost of dollar-priced feed ingredients for Malaysian and Asian buyers.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/emerging-markets-malaysia-ticks-higher-084446857.html

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