# Ringgit opens slightly higher against US dollar

> The ringgit opened slightly stronger against the US dollar on renewed buying interest amid stabilising oil prices. An analyst said the currency is caught between oil stability and rising US-China trade tensions. The ringgit was mixed against other major currencies.

- Date: 2020-05-27 · published 2020-05-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/53395-ringgit-opens-slightly-higher-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Routine currency commentary with no new supply or demand driver for feed commodities; a stronger ringgit slightly reduces palm oil's ringgit-denominated cost.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2020/05/595573/ringgit-opens-slightly-higher-against-us-dollar

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