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The ringgit opened lower at 4.3350/3395 against the dollar, down from Friday's close of 4.3320/3350. Traders reacted to expectations of further US interest rate hikes.
US rate hike expectations strengthen the dollar and weigh on the ringgit. A weaker ringgit can reduce the local-currency cost of Malaysian palm oil exports, which can influence palm oil prices.
thestar.com.myThe Star OnlineFeb 13, 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.
