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The ringgit closed at 4.3990/4030 per dollar, stronger than the previous close of 4.4190/4240, as demand for the greenback weakened amid the US banking crisis. The currency also firmed against the British pound and the yen.
Analysts said a dovish Federal Reserve stance would be needed for further gains.
The move reflects broad dollar weakness linked to banking stress rather than any change in Malaysian supply or demand for feed commodities.
themalaysianreserve.comZukriMar 28, 2023Not enough comparable past events yet for a historical read.
Not 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.
