# Ringgit to move in range of 4.0904 – 4.1029 against USD today, says AmBank Research - Malaysia Today

> AmBank Research forecast the ringgit to trade between 4.0857 and 4.1098 per US dollar. Brent and WTI crude rose 1.39% and 2.73% respectively after strong US jobs data and a firm ISM manufacturing reading. The ringgit strengthened against the Singapore dollar and baht but weakened against the rupiah.

- Date: 2019-02-04 · published 2019-02-04T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60867-ringgit-to-move-in-range-of-4-0904-4-1029-against-usd-today-says-ambank
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Stronger US data and higher crude support energy prices, which can lift biofuel and palm oil costs. The effect on feed commodities is indirect.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDMYR: neutral

## Sources

- malaysia-today.net: https://www.malaysia-today.net/2019/02/04/ringgit-to-move-in-range-of-4-0904-4-1029-against-usd-today-says-ambank-research/

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