# Malaysian ringgit rout eases up - The Business Times

> The ringgit climbed in recent days to 4.4290 per dollar, recovering from a low near 4.45 earlier in the month, helped by higher oil prices. Bank Negara's measures to make exporters hold more ringgit also supported the currency. Maybank expects the ringgit to strengthen to 4.25-4.30 by year-end.

- Date: 2016-12-08 · published 2016-12-08T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73730-malaysian-ringgit-rout-eases-up-the-business-times
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit reduces the local cost of dollar-priced feed imports, although analysts see only partial recovery from the year's losses.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/malaysian-ringgit-rout-eases

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