# Ringgit ends lower against US dollar | Malay Mail

> The ringgit closed lower on 6 October as most Asian emerging currencies fell while the US dollar held steady ahead of US non-farm payrolls data. Dealers said the data would support expectations of a Federal Reserve rate increase, possibly before year-end. The ringgit traded higher against the Singapore dollar, yen and sterling.

- Date: 2017-10-06 · published 2017-10-06T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68740-ringgit-ends-lower-against-us-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expectations of a Fed hike before year-end strengthen the dollar against the ringgit, raising the dollar cost of feed imports for Malaysian buyers.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2017/10/06/ringgit-ends-lower-against-us-dollar53/1481411

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