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The ringgit strengthened at Tuesday's close to 4.4745/4780 per US dollar, from 4.4885/4915 the previous day. The US dollar eased from a 20-year high after the euro recovered, and Brent crude stayed above US$102 per barrel.
A firmer ringgit lowers the local-currency cost of dollar-priced imports for Malaysian feed and ingredient buyers, a modest easing of costs for palm-based feed inputs.
themalaysianreserve.comDayang NorazharAug 30, 2022Not 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.
