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The ringgit traded at 3.9540 per US dollar, its strongest in over seven years, after reaching 3.9750 earlier in the day. Prime Minister Anwar Ibrahim said the currency's strengthening has had positive effects on the economy while noting concerns for exports and imports.
Continued ringgit appreciation raises the dollar-equivalent cost of Malaysian exports and could erode palm oil competitiveness against Indonesia.
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.