# Ringgit extends gains against US dollar in early session | FMT

> The ringgit strengthened against the US dollar in early trading on March 27, moving to about 4.30 from 4.33 at Thursday's close. Analysts attributed the gain to a better global risk tone and US dollar funding pressure, while falling oil prices reduced petrodollar inflows.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil revenue weakens a key support for the ringgit, but broader dollar funding stress is currently dominating, so the currency moves matter for the cost of imported feed ingredients priced in dollars for Malaysian buyers.

## Read by commodity

- WTI: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-01 | [Ringgit ends higher against US dollar on renewed risk appetite](https://feedsoft.ai/events/19535-ringgit-ends-higher-against-us-dollar-on-renewed-risk-appetite.md) | +1.7% | -21.8% |
| WTI | 2020-05-28 | [Ringgit eases against USD](https://feedsoft.ai/events/53392-ringgit-eases-against-usd.md) | +13.8% | +15.7% |
| WTI | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -5.0% | -5.3% |
| WTI | 2018-10-18 | [Ringgit snaps 2-day gaining streak to end lower vs US dollar \| FMT](https://feedsoft.ai/events/62789-ringgit-snaps-2-day-gaining-streak-to-end-lower-vs-us-dollar-fmt.md) | -4.3% | -19.3% |
| WTI | 2018-02-22 | [Feb 22: Ringgit slips against US dollar for fourth consecutive day](https://feedsoft.ai/events/66757-feb-22-ringgit-slips-against-us-dollar-for-fourth-consecutive-day.md) | -0.3% | +5.5% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2020/03/27/ringgit-extends-gains-against-us-dollar-in-early-session-2

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