# Ringgit strengthens against US dollar at opening | FMT

> The ringgit rebounded at the open on July 25 to 4.0600/0650 against the dollar from 4.0630/0680 the prior day. Analysts attributed the support to oil prices, which stayed near but below yearly highs, and noted the dollar index was little changed at 94.57.

- Date: 2018-07-25 · published 2018-07-25T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64296-ringgit-strengthens-against-us-dollar-at-opening-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Ringgit strength supported by oil reduces the local cost of imported feed, while the dollar's direction drives broader emerging-market currency moves.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2018/07/25/ringgit-strengthens-against-us-dollar-at-opening-3

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