# Ringgit remains lower against US dollar at opening | The Sun Malaysia

> The ringgit remained lower against the US dollar at the opening at 4.1530/1590 on subdued demand. Analysts said safe-haven dollar demand was holding the currency back as Covid-19 concerns grew in Europe, while China's economic recovery offered some support.

- Date: 2020-10-15 · published 2020-10-15T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50891-ringgit-remains-lower-against-us-dollar-at-opening-the-sun-malaysia
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves here are routine and only lightly affect Malaysian palm oil export competitiveness.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- thesun.my: https://thesun.my/news/malaysia-news/ringgit-remains-lower-against-us-dollar-at-opening-mk4639358/

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