# Ringgit to continue upward momentum amid cautious trade | Malaysiakini

> A Bernama report says the ringgit is expected to continue its upward momentum amid cautious trading. The article provides little further detail on the drivers.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54379-ringgit-to-continue-upward-momentum-amid-cautious-trade-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local-currency cost of dollar-priced feed imports, although the effect is modest unless the trend persists.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- staging.malaysiakini.com: https://staging.malaysiakini.com/news/517309-ringgit-to-continue-upward-momentum-amid-cautious-trade

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