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The ringgit opened higher against the US dollar on Aug 18 as the greenback eased on concerns about Fed policy and China's economy. Analysts said USD/MYR looked oversold and Malaysia's Q2 GDP was expected to slow to 3.3 percent.
Currency moves in the ringgit feed directly into Malaysian feed and palm oil import costs, and a softer dollar tends to ease pressure on dollar-priced commodities.
nst.com.myBernamaAug 18, 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.
