# Ringgit ditutup kukuh berbanding dolar US - Utusan Malaysia

> The ringgit closed firmer against the US dollar at 4.0550/0600 on July 30, supported by demand that traders linked to rising oil prices. Brent crude rose 0.28 per cent to US$74.97 a barrel, though oil was down over six per cent for the month on US-China trade war worries.

- Date: 2018-07-30 · published 2018-07-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64295-ringgit-ditutup-kukuh-berbanding-dolar-us-utusan-malaysia
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer ringgit lowers the ringgit cost of dollar-priced feed imports, while oil moves influence biofuel feedstock economics such as palm oil.

## Read by commodity

- BRENT: bullish ▲
- USDMYR: bearish ▼

## Sources

- utusan.com.my: https://www.utusan.com.my/nasional/2018/07/ringgit-dibuka-rendah-berbanding-dolar-as-56/
- utusan.com.my: https://www.utusan.com.my/nasional/2018/07/ringgit-ditutup-kukuh-berbanding-dolar-us/

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