# Ringgit appreciated 1.8 pct against US dollar in April — Bank Negara | Borneo Post Online

> Bank Negara Malaysia said the ringgit appreciated 1.8% against the US dollar in April 2017. The gain followed inflows into both the bond and equity markets, and the central bank cited its liquidity and hedging measures for the bond market.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71272-ringgit-appreciated-1-8-pct-against-us-dollar-in-april-bank-negara-borneo-post
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit lowers the local-currency cost of dollar-priced feed imports such as corn, soybean meal and DDGS for Malaysian buyers, a modest easing of input costs.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/06/01/ringgit-appreciated-1-8-pct-against-us-dollar-in-april-bank-negara/

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