# Ringgit opens higher against US dollar | Malay Mail

> The ringgit opened higher against the US dollar on June 24, trading at 4.1430/1460 from 4.1480/1510 at Friday's close. Analysts cited optimism ahead of the Trump-Xi meeting at the G20 summit, firmer crude oil and the possibility of a Federal Reserve rate cut.

- Date: 2019-06-24 · published 2019-06-24T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58858-ringgit-opens-higher-against-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Firmer crude and stronger Asian currencies on trade optimism are modest signals for palm oil and biofuel-linked demand, with little direct impact on feed grain prices.

## Read by commodity

- WTI: bullish ▲
- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/06/24/ringgit-opens-higher-against-us-dollar156/1764957

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