# Ringgit menunjukkan momentum positif - Utusan Malaysia

> The ringgit opened higher against the US dollar on July 21, 2020, at 4.2550/2600 from 4.2600/2650, lifted by optimism over early results of an Oxford/AstraZeneca Covid-19 vaccine trial. Stable oil prices also supported sentiment.

- Date: 2020-07-21 · published 2020-07-21T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52376-ringgit-menunjukkan-momentum-positif-utusan-malaysia
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stronger risk sentiment and steadier oil support the ringgit, a routine move with little direct effect on feed commodity prices.

## Read by commodity

- BRENT: neutral
- USDMYR: bearish ▼

## Sources

- utusan.com.my: https://www.utusan.com.my/ekonomi/2020/07/ringgit-menunjukkan-momentum-positif/

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