# Ringgit opens higher, tracking firmer yuan on trade optimism | Malay Mail

> The ringgit opened higher against the US dollar on 27 November, tracking a firmer yuan on US-China trade optimism. Analysts said a favourable trade deal could push the ringgit toward 4.13-4.15 per dollar.

- Date: 2019-11-27 · published 2019-11-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56338-ringgit-opens-higher-tracking-firmer-yuan-on-trade-optimism-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit reduces the local currency cost of imported feed ingredients, though the move depends on how the US-China talks evolve.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2019/11/27/ringgit-opens-higher-tracking-firmer-yuan-on-trade-optimism/1813706

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