# Ringgit opens higher against US Dollar

> The ringgit opened higher against the US dollar on June 11 at 4.1600/1650 from 4.1610/1650. The move followed a US-Mexico migration deal that averted tariffs on Mexican goods, easing trade tension and shifting focus to US-China talks.

- Date: 2019-06-12 · published 2019-06-12T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58862-ringgit-opens-higher-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Reduced US-Mexico tariff risk lowers near-term threat to North American trade flows, though US-China uncertainty remains the main driver for Asian commodity demand.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/06/495622/ringgit-opens-higher-against-us-dollar

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