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The ringgit closed lower against the US dollar at 4.1925/1950 from 4.1815/1835, as weak demand reflected higher appetite for the greenback. Analysts cited a sharp rise in the 10-year US Treasury yield above 1.8% and China's interest rate cut as factors weighing on the currency.
A weaker ringgit can lower Malaysian palm oil costs in ringgit terms and support palm oil export competitiveness, while a firmer dollar tends to pressure dollar-denominated commodity prices.
malaymail.comJan 19, 2022Not enough comparable past events yet for a historical read.
Not 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.
