# RM rebounds against USD

> The ringgit rebounded against the US dollar in early trade as improved global outlook drew investors to riskier assets. Trump said the administration is ready to take further steps to support the economy during the COVID-19 outbreak. The ringgit was mixed against other major currencies.

- Date: 2020-05-19 · published 2020-05-19T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/53397-rm-rebounds-against-usd
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Routine currency move with improved risk appetite; limited direct impact on feed commodity prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2020/05/593688/rm-rebounds-against-usd

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