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The ringgit opened slightly higher on November 29 at 4.2350/2395 per US dollar as the greenback retreated on concerns over the Omicron variant and new travel restrictions. A Bank Islam economist said the ringgit's selloff looked overdone, and a Hong Leong note said the dollar had risen for nine straight sessions the previous Friday.
A firmer ringgit slightly lowers the local cost of dollar-priced feed ingredients, though the effect is small on an opening move.
malaymail.comNov 29, 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.
