# Ringgit higher against US dollar - The Third Force

> The ringgit traded higher against the US dollar early on June 29, 2017, at 4.2920/2960 from 4.2960/2990 the prior day. Buying interest in Asian currencies rose as the dollar weakened against the euro after ECB President Draghi signaled possible stimulus trimming.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70756-ringgit-higher-against-us-dollar-the-third-force
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency moves in ringgit affect the cost of Malaysian palm oil and other ringgit-priced commodities for buyers. A weaker dollar mainly supports commodity prices in dollar terms, though this is routine daily movement.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- thethirdforce.net: https://www.thethirdforce.net/ringgit-higher-against-us-dollar/

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