# Ringgit ends lower on stronger US dollar

> The ringgit ended lower against the US dollar at 4.1530/1570 as the greenback strengthened and rising Covid-19 cases weighed on sentiment. Brent crude traded slightly higher near US$37.80 per barrel.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50886-ringgit-ends-lower-on-stronger-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A weaker ringgit makes Malaysian palm oil cheaper for overseas buyers, a modest support for palm oil prices, while currency moves are routine noise for feed buyers.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: neutral

## Sources

- nst.com.my: https://www.nst.com.my/business/2020/10/636700/ringgit-ends-lower-stronger-us-dollar

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