# Ringgit to trend downwards as coronavirus fear grips global market | Malaysiakini

> Bernama reports the ringgit is likely to trend downward as coronavirus fears spread through global markets. The page text contains mostly site navigation and no substantive analysis.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/55347-ringgit-to-trend-downwards-as-coronavirus-fear-grips-global-market-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expected ringgit weakness on virus-driven risk aversion can raise the cost of Malaysian palm oil and other ringgit-priced inputs for buyers.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- staging.malaysiakini.com: https://staging.malaysiakini.com/news/509154-ringgit-to-trend-downwards-as-coronavirus-fear-grips-global-market

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