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An analyst expects the ringgit to trade with an upward bias against the US dollar next week, in a 4.4600-4.4800 range. The ringgit closed Friday at 4.4655/4675, and US second-quarter GDP contracted 0.6% annualised.
A forecast of a stronger ringgit points to slightly lower dollar-based import costs for Malaysian buyers, though the outlook is a currency view with no direct grain or feed supply effect.
malaymail.comAug 27, 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.
