# Ringgit opens higher against US dollar | Malay Mail

> The ringgit opened higher against the US dollar on Feb 27, 2020, appreciating about 100 basis points to 4.2130/2200 from the previous close. Investors were positioning ahead of the government's economic stimulus package, which was due to be announced later that day.

- Date: 2020-02-27 · published 2020-02-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54836-ringgit-opens-higher-against-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expectations of a stimulus package improved risk appetite and currency demand, which firmed the ringgit and eased USD/MYR. The effect on feed commodity prices is minimal.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2020/02/27/ringgit-opens-higher-against-us-dollar171/1841365

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