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The ringgit extended its decline against the US dollar, closing at 4.4850/4895 compared with 4.4755/4805 on Monday. Investors moved into safe-haven assets amid concerns about the global interest rate outlook.
A weaker ringgit reflects dollar strength driven by Fed policy expectations. This can lower the ringgit cost of Malaysian palm oil exports and affect palm oil price competitiveness.
staging.malaysiakini.comBernamaFeb 28, 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.
