# Ringgit opens eight-months high against US dollar | FMT

> The ringgit climbed to an eight-month high of 4.0540/0580 against the dollar after the Fed signaled no rate hikes this year. Dealers also cited US-China trade tensions and Brent crude rising to US$68.20 as supporting factors.

- Date: 2019-03-21 · published 2019-03-21T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60368-ringgit-opens-eight-months-high-against-us-dollar-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger ringgit and weaker dollar lower the local cost of dollar-priced feed imports, while a rise in Brent crude supports energy and biofuel-linked commodity values.

## Read by commodity

- BRENT: bullish ▲
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-04-27 | [Ringgit opens higher against US dollar](https://feedsoft.ai/events/53928-ringgit-opens-higher-against-us-dollar.md) | +19.9% | +86.8% |
| BRENT | 2021-09-30 | [Ringgit opens lower against US dollar \| Malay Mail](https://feedsoft.ai/events/45319-ringgit-opens-lower-against-us-dollar-malay-mail.md) | +3.8% | +7.8% |
| BRENT | 2020-04-30 | [Ringgit opens higher against USD](https://feedsoft.ai/events/53929-ringgit-opens-higher-against-usd.md) | +33.7% | +72.6% |
| BRENT | 2020-12-10 | [Ringgit higher against US dollar at opening \| Malaysia now](https://feedsoft.ai/events/49922-ringgit-higher-against-us-dollar-at-opening-malaysia-now.md) | +4.3% | +14.2% |
| BRENT | 2020-12-31 | [Ringgit extends gains against US dollar at opening \| Malay Mail](https://feedsoft.ai/events/49918-ringgit-extends-gains-against-us-dollar-at-opening-malay-mail.md) | +5.9% | +8.2% |

## Sources

- staging-beta.freemalaysiatoday.com: https://staging-beta.freemalaysiatoday.com/category/business/2019/03/21/ringgit-opens-eight-months-high-against-us-dollar

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