# Sept 7: Ringgit opens higher against major currencies

> The ringgit opened firmer against the US dollar on 7 September, quoted at 4.2200/2230 from 4.2370/2400 the previous day. The move followed better-than-expected July export growth of 30.9% and record reserves of US$100.5 billion, despite tensions on the Korean peninsula.

- Date: 2017-09-07 · published 2017-09-07T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/69223-sept-7-ringgit-opens-higher-against-major-currencies
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Stronger export data and a firmer ringgit lower the local cost of dollar-priced imports. The move is routine and has little effect on feed prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2017/09/277138/sept-7-ringgit-opens-higher-against-major-currencies

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