# Ringgit rises on weak US economic data | The Star

> The ringgit rose against the US dollar in early trade on October 3, 2019, after weak US economic data. The local note was quoted at 4.1890/1930 versus 4.1930/1960 at the prior close.

- Date: 2019-10-03 · published 2019-10-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56837-ringgit-rises-on-weak-us-economic-data-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit slightly lowers the local cost of dollar-priced feed imports, though the effect on feed prices is minor.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/10/03/ringgit-rises-on-weak-us-economic-data

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