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The ringgit's strong run against the dollar is at risk as US-China trade tensions escalate. Bloomberg Economics estimated that the initial 10% US levy on Chinese goods could cut 0.9% from China's GDP, and strategists expect the ringgit to weaken about 2.5% by the end of March.
Slower Chinese growth and a weaker ringgit would weigh on Malaysian import demand and palm oil trade, and could raise local-currency costs for feed purchases.
businesstimes.com.sgFeb 10, 2025Not 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.
