# Ringgit opens slightly lower againts USD: 23 Nov

> The ringgit opened slightly lower at 4.1950/1990 against the US dollar on November 23, from 4.1940/1980 at the prior close. Traders were positioning cautiously ahead of the Trump-Xi meeting, and Brent crude was trading at US$62.60 per barrel.

- Date: 2018-11-23 · published 2018-11-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62310-ringgit-opens-slightly-lower-againts-usd-23-nov
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Cautious positioning ahead of the US-China meeting keeps trade-war risk in focus for soybean and palm oil demand. Brent near US$62 weighs on biodiesel economics and vegetable oil prices.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-03-22 | [Ringgit opens lower against US dollar in early session \| Malaysiakini](https://feedsoft.ai/events/54380-ringgit-opens-lower-against-us-dollar-in-early-session-malaysiakini.md) | -10.0% | -19.8% |
| BRENT | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | -0.4% | +0.0% |
| BRENT | 2020-05-28 | [Ringgit eases against USD](https://feedsoft.ai/events/53392-ringgit-eases-against-usd.md) | +15.3% | +19.7% |
| BRENT | 2021-07-26 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46327-ringgit-ends-lower-against-us-dollar-malay-mail.md) | +3.4% | -12.3% |
| BRENT | 2026-05-29 | [Ringgit opens higher against US$ in improved sentiment \| The Star](https://feedsoft.ai/events/19534-ringgit-opens-higher-against-us-in-improved-sentiment-the-star.md) | +4.9% | -15.5% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2018/11/433763/ringgit-opens-slightly-lower-againts-usd-23-nov

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