# Ringgit mengukuh berbanding dolar AS | FMT

> The ringgit opened firmer against the US dollar at 4.0620/0660, supported by positive sentiment. Investors reacted to Malaysia's consumer price index, which fell 0.7% year on year in January, the first decline in nearly a decade. The ringgit also strengthened against most major currencies except the pound.

- Date: 2019-02-25 · published 2019-02-25T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60862-ringgit-mengukuh-berbanding-dolar-as-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local cost of dollar-priced palm oil and feed imports into Malaysia. The move is a currency-driven factor with little direct effect on feed commodity prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- staging-beta.freemalaysiatoday.com: https://staging-beta.freemalaysiatoday.com/category/bahasa/2019/02/25/ringgit-mengukuh-berbanding-dolar-as-3

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