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The ringgit opened slightly lower at 4.7200/4.7250 per dollar on June 28 as a cautious US economic outlook pushed investors into haven currencies. Markets were awaiting the PCE inflation reading, which was expected to ease, and the Atlanta Fed's Bostic signaled possible cuts once inflation trends down.
Safe-haven dollar demand weakens Asian currencies and can raise the local cost of imported feed ingredients in Malaysia.
freemalaysiatoday.comBernamaJun 28, 2024Not 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.
