# Ringgit ends marginally higher on weaker greenback | Malay Mail

> The ringgit ended marginally higher on June 29, 2020, as the US dollar weakened amid rising US Covid-19 cases that raised doubts about economic reopening. Malaysia's May trade surplus of RM10.41 billion, the highest for that month since 2008, also supported the ringgit.

- Date: 2020-06-29 · published 2020-06-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52882-ringgit-ends-marginally-higher-on-weaker-greenback-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit raises the local cost of Malaysian palm oil for exporters, which can firm palm oil prices. The effect on feed-related prices is usually modest.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2020/06/29/ringgit-ends-marginally-higher-on-weaker-greenback/1879926

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