# Ringgit Malaysia Kekal Kukuh – INTRADAY.my

> The ringgit opened higher against the US dollar on July 28, 2020, at 4.2450/2500 from 4.2500/2550, supported by risk appetite ahead of a Federal Reserve policy decision. Investors expected the Fed to keep easing policy.

- Date: 2020-07-28 · published 2020-07-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52375-ringgit-malaysia-kekal-kukuh-intraday-my
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit makes dollar-priced palm oil relatively more expensive for Malaysian sellers, a routine currency move with limited feed price impact.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- intraday.my: https://intraday.my/2020/ringgit-malaysia-kekal-kukuh/

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