# Ringgit ends lower on cautious sentiment | Malay Mail

> The ringgit closed lower against the US dollar at 4.0800/0850 on March 29 as investors stayed on the sidelines awaiting US-China trade talk developments. Standard Chartered said Bank Negara Malaysia may cut its overnight policy rate by 25 basis points in May due to slower growth forecasts.

- Date: 2019-03-29 · published 2019-03-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60362-ringgit-ends-lower-on-cautious-sentiment-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A weaker ringgit and expected rate cuts in Malaysia affect the cost of imported feed inputs for local buyers and palm oil export pricing in ringgit terms. Trade talk outcomes could move currencies sharply.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/03/29/ringgit-ends-lower-on-cautious-sentiment1/1737858

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