# Ringgit falls to 4.22 against US dollar | Malay Mail

> The ringgit closed sharply lower against the US dollar on Feb 24, 2020, at 4.2240/2270, tracking local equities. The move reflected domestic political realignment and the rising Covid-19 outbreak abroad, which pushed investors toward gold and US Treasuries.

- Date: 2020-02-24 · published 2020-02-24T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54848-ringgit-falls-to-4-22-against-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Global risk aversion and capital flight from riskier Asian currencies raise the local cost of imported feed ingredients priced in dollars, which lifts USD/MYR and adds to import cost pressure.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2020/02/24/ringgit-falls-to-4.22-against-us-dollar/1840476

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