# Ringgit ends higher versus US dollar on better-than-expected GDP data | Malay Mail

> Malaysia's first-quarter 2019 GDP grew 4.5%, faster than the 4.3% economists expected, and the current account surplus widened to RM16.4 billion. The ringgit closed higher against the US dollar on the data at 4.1630/1660.

- Date: 2019-05-16 · published 2019-05-16T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59339-ringgit-ends-higher-versus-us-dollar-on-better-than-expected-gdp-data-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Stronger domestic growth supports Malaysian demand for feed and livestock products, though the currency effect on import costs is modest.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/05/16/ringgit-ends-higher-versus-us-dollar-on-better-than-expected-gdp-data/1753624

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