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Kenanga said weaker-than-expected US retail sales, up 0.1% month on month against a 0.3% consensus, could help the ringgit break below 4.70 per dollar. The ringgit closed at 4.71 on June 21, held back by a weak Bank of England and concerns over the French election that strengthened the dollar index.
The analysis points to a possible stronger ringgit, which would lower the local cost of palm oil exports and imported feed inputs.
businesstoday.com.myJun 22, 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.
