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The ringgit edged higher against the US dollar on firmer oil prices and hopes for Chinese economic stimulus, closing near 4.673. Traders said the dollar-ringgit pair had been on a one-way climb and positions may have been stretched.
A slightly firmer ringgit trims import costs for Malaysian feed buyers only marginally. The move is routine currency commentary with no lasting driver.
malaymail.comJun 26, 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.
