# Ringgit opens lower against US dollar

> The ringgit eased against the US dollar in early trade on October 24, 2019, as investors shifted toward the greenback after stronger-than-expected US factory data. The local currency was quoted at 4.1850/1890 per dollar, versus 4.1830/1870 at the prior close. It was mixed against other major currencies.

- Date: 2019-10-25 · published 2019-10-25T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56831-ringgit-opens-lower-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the local-currency cost of dollar-priced feed imports such as soymeal and corn, which can feed through to Malaysian feed costs.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/10/533082/ringgit-opens-lower-against-us-dollar

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