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The ringgit recovered some of its losses on May 27, strengthening 175 basis points to 4.3775/3800 against the dollar. Analysts noted the dollar index had lost steam after a long overbought spell and that higher oil prices helped support the currency.
A firmer ringgit lowers the local-currency cost of dollar-priced imports such as feed ingredients, though the effect is modest in a short-term rebound.
malaymail.comMay 27, 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.
