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The ringgit opened lower at 4.7250/7265 against the dollar as investors awaited Fed rate decisions and higher US Treasury yields strengthened the greenback. Brent crude fell to about US$92.25 per barrel, and Malaysia reported a record monthly trade surplus for September.
Dollar strength and lower crude prices weigh on the ringgit and on energy-linked costs for Malaysian buyers. The move is routine and has little direct effect on feed prices.
malaymail.comOct 20, 2022Not 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.
