# Ringgit holds on to gains as US dollar dwindles | FMT

> The ringgit held its gains at 4.1540/1590 against the dollar as the greenback weakened overnight. Oil prices were under pressure from a build in US gasoline inventories.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51355-ringgit-holds-on-to-gains-as-us-dollar-dwindles-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Routine currency movement with limited direct effect on feed prices. A weaker dollar can modestly support commodity prices priced in dollars, but the impact on feed buyers is minimal.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bullish ▲

## Sources

- staging-beta.freemalaysiatoday.com: https://staging-beta.freemalaysiatoday.com/category/business/2020/09/30/ringgit-holds-on-to-gains-as-us-dollar-dwindles

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