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The ringgit opened lower against the US dollar at 4.3710/3750 on May 31, despite a pullback in the dollar index to 101.367. Analysts cited a lack of buying support and continued fears of hawkish moves by the Federal Reserve and the ECB.
Persistent hawkish global central bank policy keeps the dollar firm against emerging-market currencies, which can raise the local-currency cost of dollar-priced feed imports in Malaysia.
malaymail.comMay 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.
