# Ringgit closes lower against US dollar | FMT

> The ringgit closed lower at 4.1580/1600 per US dollar on October 11, 2018, from 4.1515/1545 the previous day. Dealers cited negative global market sentiment and crude oil falling 1.47% to US$81.87 per barrel. The ringgit also weakened against other emerging-market currencies.

- Date: 2018-10-11 · published 2018-10-11T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62800-ringgit-closes-lower-against-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

Ringgit weakness reduces the local cost of Malaysian palm oil exports, while lower crude oil reduces energy-linked support for the currency.

## Read by commodity

- WTI: bearish ▼
- USDMYR: bullish ▲

## Sources

- staging-beta.freemalaysiatoday.com: https://staging-beta.freemalaysiatoday.com/category/business/2018/10/11/ringgit-closes-lower-against-us-dollar-2

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