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The ringgit traded higher against the US dollar in early trading on June 1, at about 4.607 per dollar, after positive news on US debt limit talks. It was weaker against the yen, euro, pound, Thai baht and Singapore dollar.
Analysts expected cautious trading.
This is routine intraday currency movement with no new fundamental driver for feed commodities. It has little direct price implication for buyers.
thesun.myThe Sun WebdeskMay 31, 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.
