# Ringgit ends slightly lower as greenback hits one-month high | Malay Mail

> The ringgit ended marginally lower against the US dollar on June 30, 2020, as the greenback reached a one-month high. Analysts pointed to strong US consumer spending data and a rebound in US retail sales in May. Brent crude traded around US$41 a barrel at the time.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52881-ringgit-ends-slightly-lower-as-greenback-hits-one-month-high-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit makes Malaysian-priced palm oil cheaper for foreign buyers, which can support export demand. Currency moves of this size usually have only a small effect on palm oil prices.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2020/06/30/ringgit-ends-slightly-lower-as-greenback-hits-one-month-high/1880252

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