# Ringgit opens slightly lower against US dollar | Malaysiakini

> The ringgit opened slightly lower against the US dollar on reduced demand amid weaker oil prices. Brent was quoted near US$56.26 per barrel, and a dealer cited doubts over the impact of planned OPEC production cuts.

- Date: 2018-12-19 · published 2018-12-19T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/61799-ringgit-opens-slightly-lower-against-us-dollar-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker crude and a softer ringgit weigh on Malaysian palm oil economics and biodiesel demand sentiment, a modest bearish signal for palm-based feed inputs.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bullish ▲
- PALMOIL: bearish ▼

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/456836

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