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Asian currencies were subdued on May 25 as investors moved to safe-haven assets amid a possible US debt ceiling deadlock and expectations of further Fed rate hikes. The ringgit was the weakest regional currency, falling 0.6% in its seventh straight session of losses.
The Singapore dollar also fell after the city-state's economy contracted in the first quarter.
Broad Asian currency weakness against the dollar raises import costs across the region. It also reflects softer regional growth, which could weigh on demand for feed.
malaymail.comMay 25, 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.
