# Nov 5: Ringgit closes at fresh three-month high against greenback

> The ringgit closed at a three-month high against the US dollar on 5 November, extending a six-day gain. Bank Negara kept its overnight policy rate at 3.0 per cent, and dealers cited optimism about a US-China trade deal.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56340-nov-5-ringgit-closes-at-fresh-three-month-high-against-greenback
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local cost of imported feed grains and meal, a minor bearish factor for Malaysian feed costs.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/11/536030/nov-5-ringgit-closes-fresh-three-month-high-against-greenback

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