# Ringgit recovers ahead of stimulus package announcement | Malaysiakini

> The ringgit opened higher against the US dollar on Feb 27, 2020, ahead of the stimulus announcement, rising about 100 basis points to 4.2130/2200. Foreign investors resumed buying Malaysian bonds as expectations grew that Bank Negara would cut rates.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54845-ringgit-recovers-ahead-of-stimulus-package-announcement-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Improved foreign demand for Malaysian assets supports the ringgit and eases USD/MYR, which slightly lowers the local cost of imported feed ingredients.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- staging.malaysiakini.com: https://staging.malaysiakini.com/news/512391-ringgit-recovers-ahead-of-stimulus-package-announcement

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