# Ringgit extends gains against USD

> The ringgit extended gains against the US dollar for a third straight day, trading near 4.178 per dollar. Dealers cited firm regional risk sentiment, falling US yields that favour Malaysian government bonds, and Brent crude holding above US$45.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51877-ringgit-extends-gains-against-usd
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer ringgit lowers the local cost of dollar-priced feed ingredients such as soymeal and corn imports, a modest easing for Malaysian feed buyers.

## Read by commodity

- BRENT: bullish ▲
- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2020/08/617666/ringgit-extends-gains-against-usd

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