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The ringgit rose to an 18-month high against the dollar on August 28, with the pair trading near 4.343. Foreign investors had bought net RM1.2 billion of Malaysian assets in August so far.
Stronger ringgit tied to equity inflows lowers the local cost of Malaysian palm oil in dollar terms, a mild bearish factor for palm oil prices.
currencylive.comIleana IonescuAug 28, 2024Not enough comparable past events yet for a historical read.
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.
