# Ringgit ends marginally higher versus US dollar | FMT

> The ringgit edged up to 4.1515/1555 per US dollar on October 16, 2018, following a rebound in Asian equities. Gains were capped by falling crude oil prices, which were weighed down by higher US production and inventories. The ringgit also firmed against the yen and euro.

- Date: 2018-10-16 · published 2018-10-16T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62794-ringgit-ends-marginally-higher-versus-us-dollar-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Small ringgit moves shift the local-currency cost of Malaysian palm oil exports, and falling crude reduces energy-linked support for the currency and for biodiesel economics.

## Read by commodity

- WTI: bearish ▼
- USDMYR: neutral

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2018/10/16/ringgit-ends-marginally-higher-versus-us-dollar

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