Loading…
The ringgit strengthened at the open on June 26, trading at 4.7065/4.7095 per dollar. Traders expected Bank Negara Malaysia to hold its overnight policy rate at 3.00% after higher May inflation, in line with a broader trend of central banks easing.
A stronger ringgit lowers the dollar cost of Malaysian palm oil exports, a modest bearish factor for palm oil and related feed fats.
businesstoday.com.myJun 26, 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.
