# Ringgit extends losses against US dollar | FMT

> The ringgit closed lower at 4.1350/1390 per dollar on 2 January as investors sought safe havens amid external uncertainty, including China's weak December PMI and the US government shutdown. Dealers said the currency was oversold.

- Date: 2019-01-02 · published 2019-01-02T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/61353-ringgit-extends-losses-against-us-dollar-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Routine currency wrap; the modest move has no meaningful effect on feed commodity supply or demand.

## Read by commodity

- USDMYR: neutral

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2019/01/02/ringgit-extends-losses-against-us-dollar

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