# Ringgit almost flat against US dollar in early trade | FMT

> The ringgit opened almost flat against the US dollar on October 10, 2019, with little fresh buying interest. The local note was quoted at 4.1950/1990 versus 4.1955/1985 at the prior close. Traders are watching the yuan, and the ringgit's 4.20 level could come back into focus if yuan weakness persists.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56838-ringgit-almost-flat-against-us-dollar-in-early-trade-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves tied to yuan weakness can shift the ringgit and affect the local cost of imported feed inputs, but the impact is limited while the move is flat.

## Read by commodity

- USDMYR: neutral

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2019/10/10/ringgit-almost-flat-against-us-dollar-in-early-trade-2

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