# July 2: Ringgit remains lower against US dollar

> The ringgit closed lower against the US dollar for the second day on July 2, at 4.1370/1400 versus 4.1350/1400 on Monday. Dealers cited demand for the greenback on Fed rate cut prospects and fading optimism over US-China trade progress.

- Date: 2019-07-02 · published 2019-07-02T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58348-july-2-ringgit-remains-lower-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves like this have limited direct impact on feed commodity prices; the firmer dollar mainly adds slight pressure to dollar-priced imports.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/07/500999/july-2-ringgit-remains-lower-against-us-dollar

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