# Ringgit gets boost from firmer economic outlook | The Star

> The ringgit opened higher against the US dollar on April 18, supported by higher oil prices and an upgraded Malaysian GDP forecast. The Malaysian Institute of Economic Research raised its 2018 growth projection to 5.5% from 5.4%. The ringgit also gained against the Singapore dollar, yen, pound and euro.

- Date: 2018-04-17 · published 2018-04-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/65775-ringgit-gets-boost-from-firmer-economic-outlook-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger economic outlook and firmer oil prices support the ringgit, but Malaysian currency moves have little direct effect on global feed or grain prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/04/18/ringgit-opens-higher-against-us-dollar/

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