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The ringgit opened higher at 4.0720 per US dollar on Thursday, October 29, from 4.0745 the day before. Analysts attributed the move to expectations of overnight policy rate normalisation at Bank Negara's Monetary Policy Committee meeting the following week.
The dollar index fell 0.19% to 102.127 after the Fed held rates at 3.75-4.00%.
Expected Malaysian rate normalisation supports the ringgit, reducing the local-currency cost of imported feed ingredients.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.