The ringgit opened higher against the US dollar on Wednesday, September 17, at 4.1840/2140 from the prior close of 4.1975/2080. Analyst Stephen Innes linked the move to expectations of a more accommodative Federal Reserve stance and easing US-China trade tensions.
The ringgit was weaker against the yen, pound and euro at the open.
A stronger ringgit lowers the local cost of dollar-denominated feed imports, while easing trade tensions reduce risk to Malaysia's trade-linked currency. The effect on feed prices is limited and comes through currency conversion.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.