# Nov 29: Ringgit ends higher against US dollar

> The ringgit closed higher against the US dollar at 4.1830/1880 on November 29, up from 4.1980/2020 the previous day. Regional currencies firmed after Fed Chair Jerome Powell said rates were just below neutral, and traders turned to the upcoming G20 meeting between US and Chinese leaders.

- Date: 2018-11-29 · published 2018-11-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62308-nov-29-ringgit-ends-higher-against-us-dollar
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit makes Malaysian-priced palm oil and other ringgit-denominated costs slightly cheaper for buyers. The move reflects a broader emerging-market risk rebound, so its effect on feed prices is limited.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2018/11/435770/nov-29-ringgit-ends-higher-against-us-dollar
- nst.com.my: https://www.nst.com.my/business/2018/11/436100/nov-30-ringgit-closes-higher-gainst-us-dollar

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