# Ringgit opens lower on fresh US-China spat | FMT

> The ringgit opened lower against the US dollar on June 19, 2020, after US President Trump renewed his threat to cut ties with China. Analysts warned the trade tensions could further weaken the already sluggish global economy. Malaysia relies heavily on trade with both countries.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: geopolitics · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52886-ringgit-opens-lower-on-fresh-us-china-spat-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

US-China trade tension raises risk-off demand for the dollar and weighs on Malaysian currency and export demand. Weaker trade flows could soften demand for palm oil and other commodities.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- staging-beta.freemalaysiatoday.com: https://staging-beta.freemalaysiatoday.com/category/business/2020/06/19/ringgit-opens-lower-on-fresh-us-china-spat

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