# Ringgit ends slightly higher against US dollar

> The ringgit rose against the US dollar on June 11, 2020, after the US Federal Reserve projected a 6.5% contraction in the US economy this year. Malaysian officials also said the country had enough liquidity and had not used foreign borrowing to fund its stimulus.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52883-ringgit-ends-slightly-higher-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the ringgit cost of palm oil and other Malaysian-linked commodities, which can ease prices for buyers. The move is driven mostly by currency flows rather than supply.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- mof.gov.my: https://www.mof.gov.my/portal/en/news/press-citations/ringgit-ends-slightly-higher-against-us-dollar

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