# Ringgit ends broadly higher, hits five-month high against US dollar

> The ringgit closed at a five-month high against the dollar, at about 4.193, as the greenback weakened. Strategists cited stable oil prices, falling US real yields and expectations of a better-than-expected Malaysian Q2 GDP.

- Date: 2020-08-05 · published 2020-08-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51883-ringgit-ends-broadly-higher-hits-five-month-high-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit reduces the local-currency cost of dollar-priced feed imports for Malaysian buyers.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2020/08/614255/ringgit-ends-broadly-higher-hits-five-month-high-against-us-dollar

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