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The ringgit opened higher against the US dollar at 4.1955/2005 from 4.1990/2020, supported by better-than-expected industrial production data for November 2021, which rose 9.4% year on year. A trader expected the currency could test the 4.2450 region in coming days.
A firmer ringgit lowers the ringgit cost of palm oil exports and marginally eases Malaysian import costs, though the effect on feed prices is small.
themalaysianreserve.comZukriJan 11, 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.
