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The ringgit strengthened against the US dollar at the February 23, 2022 open, rising to 4.1815/1845 from 4.1845/1855. Analysts said Russia-Ukraine tensions added uncertainty to foreign exchange and commodity markets, and traders were reassessing global rate hike expectations.
Currency moves in the ringgit alter the local cost of dollar-priced feed imports, while uncertainty in commodity markets adds volatility to input pricing.
themalaysianreserve.comZukriFeb 23, 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.
