# Ringgit open marginally lower on subdued demand | Malay Mail

> The ringgit opened marginally lower against the US dollar on subdued demand ahead of US second-quarter GDP data. Brent crude traded near US$51.51 per barrel, with oil prices at eight-week highs.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70227-ringgit-open-marginally-lower-on-subdued-demand-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer ringgit and higher oil prices lift Malaysia's import costs and affect palm oil export revenue, a key input for feed buyers. The move is routine currency commentary with no new cause for feed prices.

## Read by commodity

- BRENT: bullish ▲
- USDMYR: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2017/07/28/ringgit-open-marginally-lower-on-subdued-demand/1430645

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