# Ringgit continues uptrend to open higher

> The ringgit opened higher on 12 April 2017 at 4.4210/4260 as buying continued. Foreign investors moved into Asian currencies after Trump said the dollar was too strong and that the Fed should keep rates low. The dollar hit a five-month low against the yen.

- Date: 2017-04-13 · published 2017-04-13T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71757-ringgit-continues-uptrend-to-open-higher
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Dollar weakness from political comments supports Asian currencies, including the ringgit. A firmer ringgit lowers the local cost of dollar-priced palm oil exports.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2017/04/230011/ringgit-continues-uptrend-open-higher

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