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The Malaysian ringgit fell as much as 0.5% to 4.7703 per dollar, its weakest level since 1998. The currency is the worst performer in Asia this year after the yen.
A weaker ringgit raises the local-currency cost of imported feed ingredients priced in dollars, such as soybean meal and corn, which can pressure Malaysian feed margins.
bloomberg.comMarcus WongOct 19, 2023Not 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.
