# Malaysian ringgit up at fresh year high, won firms | Malay Mail

> The ringgit and South Korea's won edged higher on Nov 21, while most Asian currencies traded sideways. Gains were supported by expectations of tighter Malaysian monetary policy after strong growth. The euro was pressured by German coalition talks collapsing.

- Date: 2017-11-21 · published 2017-11-21T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/68251-malaysian-ringgit-up-at-fresh-year-high-won-firms-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger ringgit and won lower the local cost of dollar-priced imports such as palm oil and feed ingredients. The impact on grain and oilseed prices is small.

## Read by commodity

- USDKRW: bearish ▼
- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2017/11/21/malaysian-ringgit-up-at-fresh-year-high-won-firms/1515297

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