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The ringgit opened weaker at 4.4830/4860 per US dollar on Thursday, against 4.4745/4780 at Tuesday's close. Brent crude fell 2.84% to US$96.49 per barrel as traders priced in weaker global growth and China's depressed factory activity.
A weaker ringgit raises the local-currency cost of dollar-priced imports, while lower oil prices reduce the energy-driven pressure on feed costs.
thesun.myThe Sun WebdeskAug 31, 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.
