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The ringgit opened weaker against the US dollar on April 29, trading at 4.7715/7810 from 4.7650/7710 at Friday's close. Investors were waiting for the upcoming FOMC meeting and other data.
Routine currency moves tied to Fed expectations have little direct effect on feed prices. A weaker ringgit modestly supports Malaysian palm oil competitiveness.
scoop.myBernamaApr 29, 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.
