# Ringgit higher against US dollar at close | Malay Mail

> The ringgit closed higher against the US dollar on July 13, 2020, at 4.2630/2680, helped by a weaker greenback on US Covid-19 concerns and renewed emerging-market risk appetite. Bank Negara had recently cut its policy rate by 25 basis points.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52373-ringgit-higher-against-us-dollar-at-close-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local cost of dollar-priced palm oil and Malaysian commodity exports, a routine currency move with little direct effect on feed prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2020/07/13/ringgit-higher-against-us-dollar-at-close2/1884095

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