# Ringgit opens higher against US dollar on American bond yield concerns

> The ringgit opened higher against the US dollar on 12 November, with the dollar seen vulnerable to a reversal after a rise in US bond yields. The local currency also traded mostly higher against other major currencies.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56339-ringgit-opens-higher-against-us-dollar-on-american-bond-yield-concerns
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness eases the local cost of dollar-denominated feed imports, but the effect on prices is small.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-28 | [Ringgit Opens Higher Against US dollar](https://feedsoft.ai/events/36679-ringgit-opens-higher-against-us-dollar.md) | -0.3% | +1.2% |
| DXY | 2025-09-17 | [BernamaBiz - Ringgit Opens Higher Against Us Dollar On Softer Fed Outlook](https://feedsoft.ai/events/23163-bernamabiz-ringgit-opens-higher-against-us-dollar-on-softer-fed-outlook.md) | +0.4% | +1.5% |
| DXY | 2021-07-30 | [Ringgit opens marginally higher against US dollar \| Malay Mail](https://feedsoft.ai/events/46328-ringgit-opens-marginally-higher-against-us-dollar-malay-mail.md) | +0.3% | +1.2% |
| DXY | 2021-12-17 | [Ringgit opens lower against US dollar](https://feedsoft.ai/events/43870-ringgit-opens-lower-against-us-dollar.md) | -0.2% | -0.8% |
| DXY | 2020-04-30 | [Ringgit opens higher against USD](https://feedsoft.ai/events/53929-ringgit-opens-higher-against-usd.md) | +0.7% | -1.4% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/11/12/ringgit-opens-higher-against-us-dollar-on-american-bond-yield-concerns/

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