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The ringgit weakened to 4.4660/4680 per US dollar at Tuesday's close, from 4.4570/4595 the previous day. Investors moved to safe-haven assets ahead of the Federal Reserve minutes, and Brent crude eased to US$94.31 per barrel after China's surprise rate cut.
A weaker ringgit on safe-haven demand raises the local cost of dollar-priced imports, while falling oil prices and China's growth worries reduce commodity support.
malaymail.comAug 16, 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.
