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The ringgit settled lower for a ninth straight day on November 26, hitting a 16-month low of 4.2400 per US dollar intraday. Traders cited expectations that the Fed would accelerate tapering and possibly raise rates in 2022, plus Covid restrictions in Europe and a newly reported South African variant.
A weaker ringgit raises the local cost of dollar-priced feed imports such as soybean meal and corn, which can lift Malaysian feed costs even when global prices are steady.
malaysiakini.comBernamaNov 26, 2021Not 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.
