# Winners of stronger ringgit

> The ringgit reached a six-month high against the US dollar, trading as strong as RM4.06 on the last Friday of the previous week. Analysts say a stronger ringgit eases costs for Malaysian firms with dollar-denominated inputs. Downside risks include a re-escalation of US-China trade tensions and a Chinese economic slowdown.

- Date: 2019-02-11 · published 2019-02-11T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60865-winners-of-stronger-ringgit
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit lowers import costs for dollar-priced inputs such as feed ingredients and fuel in Malaysia. The article describes currency conditions rather than a new supply or demand shock.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/02/11/winners-of-stronger-ringgit/

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