# Ringgit hits 4.50 against $, breaching psychological mark

> The ringgit hit 4.50 per US dollar, a 19-year low, as foreign investors reduced Malaysian government bond holdings. Bank Negara issued an FAQ on onshore trading to support the currency.

- Date: 2017-01-06 · published 2017-01-06T12:00:00.000Z
- Category: macro · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/73265-ringgit-hits-4-50-against-breaching-psychological-mark
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A record-weak ringgit raises Malaysian import costs for feed ingredients and reflects capital outflows that could persist.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30303628

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