# US bond yields, GE14 factors holding back ringgit appreciation

> The ringgit is trading in a tight range against the US dollar after hitting its strongest level since mid-2015 at RM3.86 on March 28. It has since slipped to about RM3.89, as the 10-year US Treasury yield approaches 3% and the dollar firms. Traders are also weighing the upcoming general election.

- Date: 2018-04-24 · published 2018-04-24T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/65773-us-bond-yields-ge14-factors-holding-back-ringgit-appreciation
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Higher US yields and election risk offset the usual support that higher oil prices give the commodity-linked ringgit, so the currency is unlikely to move much until the election outcome is clearer. For feed buyers, Malaysian currency moves have little direct effect on palm oil or meal prices.

## Read by commodity

- USDMYR: neutral

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/04/24/us-bond-yields-ge14-factors-holding-back-ringgit-appreciation-2/

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