# Ringgit dibuka tinggi, sentimen risiko global kian baik - DestinaAsia

> The ringgit opened higher on July 21, 2020, at 4.2550/2600 from 4.2600/2650, on better global risk sentiment tied to the Oxford/AstraZeneca vaccine data. An analyst noted that China selling stockpiles could limit oil price gains and cap the ringgit's rise.

- Date: 2020-07-21 · published 2020-07-21T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52379-ringgit-dibuka-tinggi-sentimen-risiko-global-kian-baik-destinaasia
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Chinese stockpile sales could cap crude gains, which would weigh on commodity-exporter currencies such as the ringgit and on palm oil prices.

## Read by commodity

- BRENT: neutral
- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-04-24 | [Rival storylines duel in the global oil market \| The National](https://feedsoft.ai/events/71672-rival-storylines-duel-in-the-global-oil-market-the-national.md) | -0.7% | +4.4% |
| BRENT | 2018-12-05 | [Australian dollar drops, ASX expected to recover after global sell-off - ABC News](https://feedsoft.ai/events/61807-australian-dollar-drops-asx-expected-to-recover-after-global-sell-off-abc-news.md) | -2.7% | -11.5% |
| BRENT | 2017-05-09 | [Goldman Sachs: Why the commodities rally might be different this time](https://feedsoft.ai/events/70919-goldman-sachs-why-the-commodities-rally-might-be-different-this-time.md) | +7.5% | +1.9% |
| BRENT | 2021-07-13 | [Ringgit opens slightly lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46331-ringgit-opens-slightly-lower-against-us-dollar-malay-mail.md) | -9.2% | -8.7% |
| BRENT | 2022-10-30 | [U.S. Dollar's Recovery Can Be Extended \| Investing.com](https://feedsoft.ai/events/39331-u-s-dollar-s-recovery-can-be-extended-investing-com.md) | +4.0% | -12.3% |
| PALMOIL | 2023-02-22 | [The Ringgit Supported By Global Sentiment, Domestic Political Stability, U.S. Dollar Moderation, Says Deputy Finance Minister](https://feedsoft.ai/events/37605-the-ringgit-supported-by-global-sentiment-domestic-political-stability-u-s.md) | +0.2% | -3.6% |
| PALMOIL | 2018-10-12 | [Ringgit softness persists on risk aversion action on global uncertainties](https://feedsoft.ai/events/62790-ringgit-softness-persists-on-risk-aversion-action-on-global-uncertainties.md) | +1.8% | -4.2% |
| PALMOIL | 2024-11-01 | [Malaysian Ringgit Set for Biggest Monthly Decline Since 2015](https://feedsoft.ai/events/28131-malaysian-ringgit-set-for-biggest-monthly-decline-since-2015.md) | +9.9% | +9.2% |

## Sources

- destina.my: https://destina.my/ringgit-dibuka-tinggi-sentimen-risiko-global-kian-baik/

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