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The ringgit opened lower against the US dollar on August 1, 2022, ahead of the US nonfarm payrolls release. Analysts expected tight trading ranges while traders awaited the employment data.
Pre-data currency positioning has little direct effect on feed supply or demand, so the price impact is limited to minor shifts in dollar-denominated input costs.
thesun.myThe Sun WebdeskJul 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.
