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The ringgit snapped a seven-day losing streak on April 26, trading at 4.3545/3570 per dollar. Analysts cited fears over Chinese lockdowns and a dollar at a two-year high on expectations of aggressive Fed rate hikes.
Continued ringgit weakness reflects China demand fears that could weigh on Malaysian palm oil export demand and regional commodity prices, while a firm dollar pressures dollar-priced feed commodities.
malaymail.comApr 26, 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.
