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The ringgit hit a six-week high against the dollar ahead of Bank Negara Malaysia's policy decision, with the central bank widely expected to keep its rate at 3%. Regional currencies and equities were also affected by reports of a possible 10% US tariff on Chinese imports.
Currency moves tied to US-China tariff risk can shift the cost of Malaysian palm oil and other regional commodities for importers, but the effect on feed prices is limited.
brecorder.comReutersJan 22, 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.
