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The ringgit ended weaker against the US dollar at 4.4855/4870 after China cut its five-year loan prime rate by 15 basis points. Brent crude was down 0.59% at US$96.15 per barrel, and the yuan hit its lowest level since September 2020.
China's rate cut and a weaker yuan weigh on regional currencies, which raises dollar-priced import costs for Malaysian feed buyers and signals softer Chinese demand.
malaymail.comAug 22, 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.
