# Ringgit rises to three week high vs US dollar | The Star

> The ringgit rose to its strongest level in three weeks ahead of the Jackson Hole symposium, with US$/ringgit at 4.2770 and flat by late morning. Analysts noted Morgan Stanley's long ringgit position and expected EM Asian FX gains from the weaker dollar to be limited.

- Date: 2017-08-23 · published 2017-08-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/69726-ringgit-rises-to-three-week-high-vs-us-dollar-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves of this size have a minor effect on Malaysian palm oil and feed import costs, and no direct effect on US or Brazilian feed prices.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2017/08/24/ringgit-rises-to-three-week-high-vs-us-dollar/

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