# Feb 11: Ringgit continues upward momentum against USD

> The ringgit extended its gains against the US dollar, trading at 4.0630/0660 as the dollar weakened. Concern about a second US government shutdown and the ongoing US-China trade dispute weighed on the greenback. The ringgit also rose against the Singapore dollar, yen, euro and pound.

- Date: 2019-02-11 · published 2019-02-11T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60864-feb-11-ringgit-continues-upward-momentum-against-usd
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and firmer emerging-market currencies can support US export prices for commodities such as soybeans and corn. The effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-03-31 | [Ringgit continues upward momentum against US dollar](https://feedsoft.ai/events/42530-ringgit-continues-upward-momentum-against-us-dollar.md) | +0.8% | +3.8% |
| DXY | 2020-04-30 | [Ringgit opens higher against USD](https://feedsoft.ai/events/53929-ringgit-opens-higher-against-usd.md) | +0.7% | -1.4% |
| DXY | 2022-07-29 | [Ringgit rises against the greenback as US economy contracts \| FMT](https://feedsoft.ai/events/40745-ringgit-rises-against-the-greenback-as-us-economy-contracts-fmt.md) | -0.2% | +0.8% |
| DXY | 2023-04-14 | [Ringgit continues to strengthen vs US dollar](https://feedsoft.ai/events/36680-ringgit-continues-to-strengthen-vs-us-dollar.md) | +0.6% | +0.5% |
| DXY | 2020-11-09 | [Ringgit surges against US dollar at close \| Malay Mail](https://feedsoft.ai/events/50409-ringgit-surges-against-us-dollar-at-close-malay-mail.md) | -0.1% | -1.7% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2019/02/459141/feb-11-ringgit-continues-upward-momentum-against-usd

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