# Ringgit extends gains in early trade | Malay Mail

> The ringgit opened higher against the US dollar on Monday, extending the previous week's gains. It also rose against the Singapore dollar, yen and pound but weakened against the euro. Dealers cited demand for the currency after FTSE Russell kept Malaysia on the WGBI.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57338-ringgit-extends-gains-in-early-trade-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit makes Malaysian-priced imports such as palm oil and feed ingredients slightly cheaper for local buyers, though the effect on feed prices is small.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/09/30/ringgit-extends-gains-in-early-trade2/1795576

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